XAU/USD : Gold Surges Above $2700: Volatility Looms! (READ)

قبل ٧ أيام

By analyzing the gold chart on the 4-hour timeframe, we see that, as anticipated, the price experienced another strong rally, breaking above $2700. Today, gold reached $2711 before encountering a bearish order block, triggering a correction. Currently, it is trading around $2703.

With key reports like Retail Sales and Unemployment Claims ahead today, gold is expected to see heightened volatility. Given the current momentum, further correction is likely. The first corrective target for gold is $2698.5, with subsequent targets to be updated in future analyses. Stay tuned!

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

قبل ٦ أيام

تم حذف الأمر

By analyzing the gold chart on the 4-hour timeframe, we observe that following the release of Retail Sales and Unemployment Claims, the Dollar Index (DXY) dropped, leading to a rally in gold. As a result, the previous scenario did not materialize and has fully failed.

Gold is now trading around $2724, and with its current momentum, it seems poised to target the liquidity above $2727. After collecting liquidity, we may see an initial price correction. Keep an eye on the price reaction within the $2726.5 to $2730 range.

This analysis will be fully updated tomorrow, so get ready for an exciting and detailed new outlook! Stay tuned!