Gold yellow metal Corrective mode
The yellow metal is correcting after rising sharply towards $1439. On the way down, $1380 shall act as a crucial support level in the near term as multiple support levels converge at this point. Therefore, the trend shall remain bullish as long as it does not close above $1380. On the way up, $1424-1439 shall act as a resistance level in the forthcoming trading sessions. The next up move shall begin once the counter breaks above the high of $1439. The daily momentum indicator is bearish.