Gold analysis and expected buying areas

Expected Buying Scenarios for Gold .


Gold is still moving in a downward corrective wave.

The wave is expected to continue until it reaches the demand zones

on the hourly frame overlapping the 4-hour frame

located at 3331, as shown on the chart.

If the first demand zones are broken, the price is expected to continue falling

until it reaches the next demand zones at 3302,

which are considered one of the most important buying areas currently available for gold.


Last available buying scenario:


If the price breaks the specified demand zones and rises from them

and the downtrend shown on the chart is broken, 

it is expected to rise to the specified targets at 3386 and 3413.

Currently, all available opportunities are buying only, 

because gold is approaching strong buying areas, so selling is not available

and carries a high risk. Selling is preferable after breaking the demand zones.