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Gold. 3310 reaction & will Buyers reach their remaining targets?

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Hi traders and investors!

The 3310 level worked out perfectly. We can see a familiar buy pattern forming.

If the buyer fails to push the price higher and the seller returns to the 3310 level, it's likely that the price will continue to decline on the daily timeframe toward the next nearest targets — 3244, or more likely, 3154.

For now, however, we still expect the buyer to pursue the remaining unmet targets at 3393 and 3403.


This analysis is based on the Initiative Analysis concept (IA).

Wishing you profitable trades!

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