#GOLD ANALYSIS 12th September

#Gold is currently positioned in the sell zone marked in yellow, indicating a potential upcoming pullback in the market. This movement suggests that in the coming hours, there could be a decrease in price levels, with a projected target of 2512.89.

Once the price reaches this point, it is anticipated to encounter a rebound as it interacts with the demand zone highlighted in blue. This bounce off the demand zone is expected to lead the price back up to the target level of 2526. The interaction between these zones creates a dynamic trading environment where market participants closely monitor price movements to capitalize on potential opportunities. This analysis underscores the importance of understanding key support and resistance levels to make informed trading decisions in the volatile gold market.

Chris

Head Coach

Plans & Pricing | Thetradingmentor#Forex and #Gold Specialists (thetradingmentors.com)