Gold Analysis – Key Levels in Play-Short-Term Structure Analysis

vor 5 Tagen

Gold Analysis – Key Levels in Play-Short-Term Structure Analysis




Bullish Scenario (Blue Path):
If price holds above $3,770, buyers may push higher. Targets are:
$3,788
$3,800
$3,810

Bearish Scenario (Red Path):
If the price fails to stay above $3,770, it could fall to $3,752 as the first target.

If Gold breaks even below $3,752, sellers may take control. Next downside targets are:
$3,736
$3,727
$3,714

PS: For now, gold is bullish, and the blue scenario is in play.


You may find more details in the chart!
Thank you and Good Luck!

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vor 5 Tagen

Anmerkung

📣GOLD Update

The price created a false bullish breakout and moved down to the structure area below 3770.

As I explained earlier today, a move in the gold price below 3770 would open the door for further declines.

Gold reached 3752 and also 3736.
Chances are higher that the downward movement will accelerate further to 3727 and 3714.