The price of gold has recently experienced a significant drop. Some traders may have hit their stop-loss levels, while others are still holding their positions. Typically, after such a rapid decline, the market tends to see a minor rebound, with the expected rebound range between 2643-2657. However, based on the current technical pattern, gold has formed a "head and shoulders" pattern, which often signals the potential for further downside. It is anticipated that the price of gold may drop to around 2600 in the near term.
Nota
The price has rebounded a bit, so everyone should be in profit now. You can choose to close your position, or hold if you prefer. This is just the initial rebound, and there is still room for further upward movement.
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