Hello everyone MrpipAnalyst is back with new idea about Gold
Short Gold (XAU/USD) Analysis
Current Price: $3936 (Trading around this level)
Short-Term Trend: Bearish Correction. Gold is consolidating after a sharp drop from its recent all-time high of $4,381. The bearish momentum is dominant in the short term, driving the price lower within a corrective phase.
Technical Outlook:
Failed support: The pair failed to hold below the $3945 record low, triggering a sharp sell-off.
Key Support: The critical pivot zone is $3940 - $3926. This level must hold to prevent a deeper decline.
Immediate Bias: Price is showing renewed weakness after the initial bounce.
Fundamental Drivers:
The overall bullish structural trend (geopolitical risk, central bank demand) remains, but the current weakness is driven by profit-taking and a strong US Dollar.
Preferred Scenario (Continuation):
Price is expected to move lower to retest the primary support zone near $3940.
A break below $3926 would accelerate the decline toward the next major low target at $3,900.
Action Point: Watch how the pair reacts at the $3950 support to gauge the likelihood of a rebound or a deeper fall to $3800.
Do you think Gold will find buyers at the $4,000 level, or will it fall to the $3,900 target?
Short Gold (XAU/USD) Analysis
Current Price: $3936 (Trading around this level)
Short-Term Trend: Bearish Correction. Gold is consolidating after a sharp drop from its recent all-time high of $4,381. The bearish momentum is dominant in the short term, driving the price lower within a corrective phase.
Technical Outlook:
Failed support: The pair failed to hold below the $3945 record low, triggering a sharp sell-off.
Key Support: The critical pivot zone is $3940 - $3926. This level must hold to prevent a deeper decline.
Immediate Bias: Price is showing renewed weakness after the initial bounce.
Fundamental Drivers:
The overall bullish structural trend (geopolitical risk, central bank demand) remains, but the current weakness is driven by profit-taking and a strong US Dollar.
Preferred Scenario (Continuation):
Price is expected to move lower to retest the primary support zone near $3940.
A break below $3926 would accelerate the decline toward the next major low target at $3,900.
Action Point: Watch how the pair reacts at the $3950 support to gauge the likelihood of a rebound or a deeper fall to $3800.
Do you think Gold will find buyers at the $4,000 level, or will it fall to the $3,900 target?
Trade attivo
MrpipsAnalyst: Focused on consistent, repeatable Forex pips.
My analysis translates into action. Get my daily signals here: 👇
Telegram Signals t.me/+PKXGyEv8qP5mOWE0
My analysis translates into action. Get my daily signals here: 👇
Telegram Signals t.me/+PKXGyEv8qP5mOWE0
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
MrpipsAnalyst: Focused on consistent, repeatable Forex pips.
My analysis translates into action. Get my daily signals here: 👇
Telegram Signals t.me/+PKXGyEv8qP5mOWE0
My analysis translates into action. Get my daily signals here: 👇
Telegram Signals t.me/+PKXGyEv8qP5mOWE0
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.