XAU/USD: Possible Fall Ahead? (READ THE CAPTION)

27 Mac

By examining the gold chart on the 4-hour timeframe, we can see that, as expected, the price continued its bullish movement and climbed close to its all-time high of $3057, reaching $3056 today. Since this level acted as a Bearish Rejection Block, we’re now seeing a price correction from that area, with gold currently trading around $3049. If the price stabilizes below the $3050 mark, we may see further downside. Potential bearish targets are $3045, $3040, and $3035, respectively.

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Best Regards , Arman Shaban

28 Mac

Dagangan aktif

By analyzing the gold chart on the 4-hour timeframe, we can see that the price dropped exactly as expected, hitting all three targets at $3045, $3040, and $3035, delivering over 150 pips in profit! Today, due to escalating tensions in Gaza and repeated Israeli strikes, gold continued its bullish move and printed new highs, with the current peak at $3086.20. A price correction from this zone is likely soon. Keep an eye on the $3077 level for a potential reaction!