9/11 Gold price decline scenario. Will it stop at 4282?
September 11 (Fri) 投稿 at 8:10 AM.
Gold is entering a consolidation phase.
If the recent low of 4282 is broken with body, we will switch to a bearish view, but there is also a possibility of a sweep, so this is a point to watch for stop hunting.
I have narrowed down to three support points.
① 4315
② 4282
③ 4251
If ③ is broken, it could drop to 4238, but first I will check whether it stops at 4282 as well on lower timeframes and build scenarios.
All of these have reasons.
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