Expected Scenarios for Gold's Movement on the Daily Timeframe

Gold has continued its decline over the past few days, reaching strong buying demand zones on the daily timeframe.

These current zones also represent strong support levels, and we may see a rebound in gold from them in a corrective move in the short to medium term.

Of course, we must be cautious of news events, as they will have a significant impact on gold's movements.

Expected Scenarios

The first scenario is that we will see an upward correction from the current levels, and this correction may extend to the downtrend line shown on the chart.

The second scenario is a continuation of the decline towards the next demand zones, but only if the current levels are broken and the price closes below them.

In any case, gold's movement requires close monitoring along with careful money management. Therefore, please exercise caution.