GOLD Reacts Perfectly at Reversal Zone — What’s Next?
As anticipated in Friday’s analysis, Gold delivered a clean bearish move, dropping from 3400 to 3350 after reacting precisely within our identified reversal zone.
Looking ahead, I expect further downside potential in the coming days. However, a short-term correction may occur ahead of the U.S. CPI release, as markets recalibrate expectations.
Caution is advised — volatility may increase around the data event, and any retracement could offer new entry opportunities for the next leg lower.
You may watch the analysis for further details!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
As anticipated in Friday’s analysis, Gold delivered a clean bearish move, dropping from 3400 to 3350 after reacting precisely within our identified reversal zone.
Looking ahead, I expect further downside potential in the coming days. However, a short-term correction may occur ahead of the U.S. CPI release, as markets recalibrate expectations.
Caution is advised — volatility may increase around the data event, and any retracement could offer new entry opportunities for the next leg lower.
You may watch the analysis for further details!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Trade active
GOLD: Still Bearish
From the analysis I posted yesterday, we expected GOLD to make a deeper upward correction before moving lower.
After the mixed-to-bullish, US CPI data, the chances are growing that gold will only correct in the current price zone and may start another downward move in the coming days.
As long as the price has not reacted to the US CPI data, we do not have any significant news to push it higher again. Only Trump or some manipulation can push gold higher at this stage.
Target zones remains unchanged 3330 and 3300
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.