We can observe mixed sentiment in the gold market during Tuesday's session. Looking at the H4 interval, we are dealing with an interesting technical situation. Yesterday, the price tested a key support zone at $ 1,845.5, where buyers and bullish hammer formation appeared. The green area is marked with the earlier price reactions and with the market geometry of a potential ABC correction. Classic technical analysis therefore supports the continuation of the upward trend. On the other hand, sentiment may change as soon as the aforementioned zone at $ 1,845.5 is negated. In this case, the sell-off may accelerate towards support at $ 1,820 and $ 1,796.
Gold interval H4. Source: xStation5
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