Gold Spot / U.S. Dollar
Long
Updated

XAUUSD: $3500 Target Small Time Frame Analysis! Comment Views

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Gold exhibits a strong bullish signal, indicating a potential crossing of $3400 or surpassing $3500. This suggests a surge in bullish market sentiment. You can establish target levels based on your analysis and personal preferences.

Today, gold experienced a sudden decline, falling to 3335 after briefly reaching 3391. This unexpected drop deviated from the anticipated bullish price momentum.

Nevertheless, it has provided clarity for buyers, particularly swing traders. The price could revert to 3340 before reversing and reaching our initial target. Subsequently, another target may be achieved.

An alternative scenario arises if the price continues to decline further. In this case, the second entry scenario becomes more secure, as Asian session volatility could induce sideways movements.

Please adhere to rigorous risk management practices and consider liking and commenting on this suggestion.

Best of luck and prioritise safe trading.

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