$XAU
XAUUSDT
Perp
4,943.65
-2.70%
As I explained in more than one analysis + previous live session, gold is going to correct if it doesn't break 5100$ in the near future!
In case of correction, a drop to 4800-4900 is very expected!!
We have placed the red line at 4877$ as the first drop zone!
Indeed, gold dropped to this area and bounced back strongly!!!
Currently, as long as gold is in the positive area, this is the expected correction, but at the moment it enters the negative area, the correction may continue.
Waiting for the close after two hours, but so far everything is excellent, and I will update after two and a half hours!