XAU/USD : Get Ready for Another Fall ! (READ THE CAPTION)

By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from our previous analysis, when the price was trading around $3327, it climbed to the supply zone at $3345. After reaching this key level, strong selling pressure emerged, leading to a sharp drop in gold today down to $3296.

This move played out exactly as anticipated, and now, if the price stabilizes below $3330, we could expect further downside pressure on gold.

The Main Analysis :