Gold at Key Rejection Zone: Will the Drop Resume from $3310?

29 Mei

By examining the gold chart on the 4-hour timeframe, we can see that after some consolidation between $3294 and $3302, the price finally began a sharp drop, correcting down to $3245. This area was a key demand zone on lower timeframes, which triggered a rebound, and gold is now trading around $3310. If the price gets rejected from the $3310–$3313 zone, we can expect another potential decline.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

30 Mei

Dagangan aktif

By examining the gold chart on the 4-hour timeframe, we can see that after our previous analysis, the price entered the expected supply zone and dropped from $3330 to $3282, delivering over 500 pips of return. Key demand zones are at $3263 and $3223, while important supply zones are at $3305, $3318, and $3355. The main analysis remains valid, and I still expect further downside for gold.