XAU/USD: Ready for another Fall? (READ THE CAPTION)

4月8日

By examining the gold chart on the 30-minute timeframe, we can see that yesterday the price once again moved exactly as expected, hitting all four targets: $3022, $3016, $3010, and $3000, and even dropped further to $2956, resulting in a total return of over 700 pips!
Currently, gold is trading around $3003, and if the price stabilizes below $3014, we can expect further downside.
All key demand and supply zones are marked on the chart and are fully tradable.
If the drop continues, the next bearish targets will be $2997, $2991, $2984, and $2976, respectively.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

4月8日

註釋

Please note, for a safer short position, wait for the price to break and close below the $3014 level first.
A confirmed candle close under this key support increases the probability of a continued move to the downside, allowing for a more confident short entry.

Stay patient and let the market give you the confirmation!
I’ll keep updating as things unfold

— Arman Shaban

4月8日

交易進行

GOLD ~ $2997 Reached ✅
GOLD ~ $2991 Reached ✅
GOLD ~ $2984 Reached ✅
GOLD ~ $2976 Reached ✅

📉 All Bearish Target Reached 🎯

Current Price : $2976
Total Gain : +400 Pips

Cheers 🥂

4月10日

交易結束：目標達成

Yesterday's Analysis :

By re-examining the gold chart on the 30-minute timeframe, we can see that, just as I expected, the price started to drop and corrected down to $3042, hitting both targets: $3045 and $3043! After reaching this key level, we saw an increase in demand, and gold has managed to rally up to around $3083 so far, and is currently trading near $3077. If the price successfully stabilizes above $3073, we will likely see another bullish move toward targets above $3100. Hope you made the most out of this analysis! (W8 for the new update)