By analyzing the gold chart on the 4-hour timeframe, we can see that after dropping to the $3301 area, strong demand came in, helping the price stabilize above $3300 and rally up to over $3334. Currently, gold is trading around $3331. If the price fails to break and hold above $3345 within the next 8 hours, we may see a price correction soon. A key demand zone lies between $3282–$3296, where a strong bullish reaction could occur if price revisits this area. Important supply levels to watch are $3366, $3382, $3393, and $3404.
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
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
Trade active
By analyzing the gold chart on the 4-hour timeframe, we can see that after rising to $3334, the price faced renewed selling pressure and dropped to as low as $3318. It is currently trading around $3325, and if it fails to break and hold above the key $3333–$3345 resistance zone, we could expect further downside movement. The next potential bearish targets are $3320, $3315, $3310, and $3303. All other assumptions from the previous analysis remain valid.Trade closed: target reached
By analyzing the gold chart on the 4-hour timeframe, we can see that, just as expected in last night’s analysis, the price held below $3333 and dropped sharply, hitting the bearish targets at $3320, $3315, and $3310, even extending the move down to $3307. Gold is now trading around $3311, and the key to watch is whether it can break below the $3301–$3303 zone. If this level is broken with strong momentum, we’ll be looking for a reaction within the major demand zone at $3282–$3296. This move has already delivered over 250 pips — enjoy it, friends! ❤️Note
🚨 In just 30 minutes, the U.S. Interest Rate Decision will be announced, followed by the FOMC Press Conference an hour later — a combo that could shake the markets hard!Earlier today, based on our latest gold analysis and signal, price dropped exactly into our demand zone at $3282–$3296, hitting $3288 before bouncing sharply. As expected, strong demand kicked in, and gold is now trading around $3300, delivering over 120 pips in potential profit so far! ✅
Hope you made the most out of this one — but keep in mind, with high-impact news ahead, extreme volatility is expected. I strongly suggest locking in some profits and going risk-free on your trades until the dust settles after the press conference.
Stay sharp, manage risk, and let’s see how the market reacts! 💼 📈
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946
⚜️ Contact Me : t.me/ArmanShabanTrading
💥Join BitMart Exchange – Ultra Low Fees : bitmart.com/invite/c5JVJK/en-US
⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946
⚜️ Contact Me : t.me/ArmanShabanTrading
💥Join BitMart Exchange – Ultra Low Fees : bitmart.com/invite/c5JVJK/en-US
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.