Gold: Bullish Structure Still Intact Despite Price Volatility
Gold: Bullish Structure Still Intact Despite Price Volatility
Yesterday, Gold dropped nearly 2.5% in just one hour with no clear fundamental catalyst behind the move. The entire market reacted in an unusual, chaotic way.
Almost every chart showed extreme volatility at the same time.
During the spike, Gold fell from 4245 to 4142, tapping into a major structural support zone visible on the left side of the chart. So far, that area is holding, and if the market avoids another abnormal volatility event today, Gold may attempt to resume its broader bullish trend.
Interestingly, Gold had been climbing since Monday on expectations that the U.S. government would reopen. But the moment it actually did, Gold sharply reversed — a reaction that makes little sense from a fundamental perspective.
If the support zone continues to hold and normal price behavior returns, the bullish scenario remains valid.
Key Targets:
🎯 4230
🎯 4296
🎯 4360 (maximum extension)
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Yesterday, Gold dropped nearly 2.5% in just one hour with no clear fundamental catalyst behind the move. The entire market reacted in an unusual, chaotic way.
Almost every chart showed extreme volatility at the same time.
During the spike, Gold fell from 4245 to 4142, tapping into a major structural support zone visible on the left side of the chart. So far, that area is holding, and if the market avoids another abnormal volatility event today, Gold may attempt to resume its broader bullish trend.
Interestingly, Gold had been climbing since Monday on expectations that the U.S. government would reopen. But the moment it actually did, Gold sharply reversed — a reaction that makes little sense from a fundamental perspective.
If the support zone continues to hold and normal price behavior returns, the bullish scenario remains valid.
Key Targets:
🎯 4230
🎯 4296
🎯 4360 (maximum extension)
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Dagangan ditutup: hentian tercapai
📣 GOLD: Crazy Manipulation
This manipulation is going crazy...it has nothing to do with the Federal Reserve and interest rates, as Gold didn't take into consideration the interest rates for over two years.
Gold fell -3.9% in just 10 hours and from this move it fell 2.9% in the last three hours and probably didn't finish yet.
⚠️Be careful and stay away from the market. This sell-off is happening across many instruments.
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.