FX.co ★ king.zelda | XAU/USD, GOLD

Hello everyone. While waiting for the market to open, I will share my opinion. GOLD has undergone a correction and, as expected, returned to the intended direction. On the daily chart, the direction has not changed and remains bearish. The target level remains at 3050.50, and we will be waiting for it in the upcoming week. So far, there has been no signal to change the direction, as the daily chart failed to break above the resistance level to reverse. The situation on the H4 chart is similar, confirming the bearish trend. Therefore, we stay put. The market opening will provide an opportunity for a new analysis and adjustment at the right moment.