Gold Spot / U.S. Dollar
Long
Updated

Gold Hits All Targets with 500+ Pips – Eyes Now on $3420

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By examining the gold chart on the 4-hour timeframe, we can see that after our previous analysis, the price moved exactly as expected and successfully hit all four targets — $3367, $3380, $3391, and $3400 — reaching as high as $3403 and delivering over 500 pips of return.

After sweeping the liquidity above $3400, the price corrected back to around $3370. Currently, gold is trading around $3380. If the price can hold above the $3370 level, we can expect a continuation of the bullish move toward the $3420 area.

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Best Regards , Arman Shaban
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The recent movement on gold confirms the strength of bullish momentum and the accuracy of supply/liquidity-driven analysis. After perfectly executing all projected targets — $3367, $3380, $3391, and $3400 — the market reached $3403 before pulling back, reflecting profit-taking and liquidity collection above round-number resistance.

This retracement to $3370 aligns with a minor demand zone and previously broken structure, now acting as support.

🔍 Technical Bias:
Bullish – as long as price remains above $3370

📉 Invalidation Level:
A confirmed break below $3360 could signal deeper retracement and invalidate the short-term bullish continuation.

🎯 Next Bullish Target:
• $3420 – aligns with extended liquidity sweep zone and minor unfilled imbalance above.

🧠 Extra Insight:
The rejection after $3400 suggests that institutions may have collected buy-side liquidity before repositioning. Watch for bullish confirmation above $3370 to validate continuation — such as bullish engulfing candles or break of minor internal structure on LTF (lower timeframes).

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