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XAUUSD | Price Analysis: Correction or Reversal? | METALS

Published: 23.04.2024
by Joseph Jeffriess

Hi, traders. Thanks for tuning in for today’s update. Today, we are looking at gold on the daily chart.

Today’s focus: Gold

Pattern – Correctional phase.
Support
Resistance – $2394

We have reviewed recent price actions and our thoughts on what we are seeing and looking for moving forward. Is this just a bout of profit-taking that will kick off a new trend?

The next rally is key for us and could give us signs depending on what we see from the price.

XAUUSD Price Analysis: Correction or Reversal?

Good trading.


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