#GOLD @ $ 5434 (Asian Morning Update)
24 mins ago
https://t.co/JOC6g4USk6
A decline to the $ 5100 range followed by a rise back above $ 5450 in just eight hours is quite remarkable.
It’s something I never anticipated, yet here we are faced with this reality. We can refer to it as consolidation, correction, or any other term we choose.
The next important levels to monitor are between $ 5485 and $ 5490. if there is a breakout, it could lead to $ 5550 or even new all-time highs.
However, if it drops below $ 5350, it may drop further to around $ 5280. However, at this moment, it's hard to make any definitive statements.
Correction is possible before gold rises once again.
Let's observe how the market develops.
More later...