XAU/USD : Get Ready for more correction before the next bullrun!

27 Jan

Analyzing the gold chart on the 4-hour timeframe, we observe that in the last trading day of the previous week, before attempting to establish a new high, the price faced a correction from the $2786 level and has since declined, reaching as low as $2747. Currently, gold is trading around $2761, and if the price stabilizes below $2780, we can expect further corrections.

The potential targets for this decline are $2756, $2751, and $2747, respectively. This analysis will be updated soon!

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Best Regards , Arman Shaban

27 Jan

Dagangan aktif

GOLD : $2756 reached
GOLD : $2751 almost reached

27 Jan

Nota

✅ GOLD : $2756 reached ✅
✅ GOLD : $2751 reached ✅
✅ GOLD : $2747 reached ✅

All Target Reached

28 Jan

Dagangan ditutup: sasaran tercapai

By analyzing the 4-hour gold chart, we observe that, as expected, the price continued its decline following our analysis, successfully hitting all three targets at $2756, $2751, and $2747. Ultimately, gold dropped to $2730, achieving a 280-pip return since yesterday! Currently, gold is trading around $2747, and I expect this upward movement to continue at least to $2752 to fill the liquidity gap caused by the decline. Keep an eye on price reactions at the levels of $2752, $2764, and $2772!