GOLD PRICE ALERT:
Gold performed really well in the last few weeks due to the increase in demand and buy volume driven by macroeconomic and geopolitical factors like; anticipation of US Federal Reserve Rate Cuts. Gold surge from $3.343 price level to ATH at $3,707.45. Price dropped to 3,628 price level. Strong support at $3611. Currently, price is at 3,655. I am expecting to see price go lower. Possibilities are; If price breaks that support at $3,611 to a lower territory, we will have our next support at $3,577.

In the other hand, If price breaks $3,673 and hold to the upper territory, we might see more increment in price. But there is a higher possibility for price to drop.