Gold- Correction could follow

12 ก.ค. 2022

In my yesterday's comment, I said that Gold could break consolidation and make a new low, and last night the yellow metal has dropped to 1722, a support zone that I mentioned.
Although the trend is strongly bearish at this moment a correction has become very probable now.
Short-term traders (1-2 days) can expect a reversal to the 1750 zone before continuation to the downside
With this in mind, I will look for buying opportunities around 1720 keeping a tight SL