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Gold_drop

XAUUSD; PROBABLE DROPDear Traders, It is my pleasure to provide you with an update on the recent market activities of GOLD since the SVB Collapse. There has been a substantial uptrend observed in the market, as the price of GOLD surged from 1809.90 to 1926.04, representing a notable 1,160 pips move. Based on our technical analysis, we anticipate a potential bearish reversal if the 1HTF candle fails to close above the resistance zone at 1921.63 - 1911.73. In this scenario, we expect sellers to push the price towards the downside to fill the gap created at the (1871.65 -1867.17 region) during the previous bullish run, before the continuation of the upward trend. However, if there is a close above the resistance region, we may see a break and retest pattern, followed by a bullish continuation. Happy trading.
PEPPERSTONE:XAUUSDShort
by Samuel124

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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