#GOLD
👉New forecast
The market has taken a sharp plunge🔻 from the resistance zone, reminiscent of a similar -6% decline that occurred after the previous all-time high.📊 Currently, the market has already dropped by around 5% from the resistance level at 2450, leaving room for further 🐻 bearish momentum towards the 🗝 psychological level of 2300.

On the daily chart, we're seeing ❗️ two consecutive large bearish candles 📉 indicating the current dominant trend. Given the rapid price movement, I'm anticipating a temporary consolidation phase 🔀 before considering further price action. If the market re-enters ⤴️ the resistance zone at 2350-2360, I'll be looking for confirmation to enter a short position. ✅

🎯My goal is support level at 2310

#GOLD
👉New forecast
Our current focus is on🔎 identifying the optimal entry point within the zone formed between 2350 and 2375. As we can see, the XAUUSD is currently slowing down🐌 after experiencing a 🚀 bearish momentum, which is likely to lead to a pullback. I think that the optimal entry zone for shorting the market is around the 2370 level, as it has been respected each time 🔃 it approached in the past.

Today there are 🗞 no high-impact news on the horizon, therefore I expect rather a sideways movement.🔀 If the market makes an impulsive move upwards and breaks through the lower border of the channel,📈 closing above it, I would ❗️consider it a potential fake breakout. Conversely, if the market rejects this level, it would serve as a confirmation signal to initiate a short position.🔻

🎯My goal for the next days is key support level at 2300.

#GOLD
👉UPDATE
The gold price has reached the resistance zone, where we've previously seen sell-offs.🔻 As expected, the market has formed a retracement, moving higher in a corrective move. However, we might see a two-legged pullback,🦿 which would provide an ideal opportunity to go short. The price has tested the resistance🔑 level at 2350, only to rebound and continue its downward momentum. ⤵️

Looking ahead,🔎 I expect the market to move downward due to the bearish flag pattern 🚩 being broken through. Furthermore, the long tail bar on the 4H timeframe indicates 📊 significant sell pressure.❗️ Given these factors, I expect the price to retest the psychological level below 2300 and potentially moving even lower.📉

🎯My goal is the support level around 2310

#GOLD
👉UPDATE
The market has recently pulled ⤴️ back into the entry zone, only to be rejected by the resistance level twice. This failure to break through the resistance suggests that the current 📊 trend is shifting to downward.📉 Furthermore, the presence of a downward trendline that has acted as both support and resistance has repeatedly contained🔃 the price's upward momentum.

I think that the market is now ⚡️poised to retest recent support levels, unless an upcoming news event📰 significantly changes the market's direction. The recent fake breakout of the 2350-2360 〽️ zone also indicates that the bulls 🐃 lack the strength to push the price to new highs. As a result, I expect the price to move lower, 🔻 potentially breaking through the previous week's low.

🎯My goal is the support level around 2310

#GOLD
👉UPDATE
The market is still consolidating 🐌 following the recent bearish move,🐻 and the price action is currently forming a head and shoulders pattern.🗿 As you can see, the left shoulder and head have already been established. The price is currently testing the neckline, which coincides with the📊 lower border of the channel.

On the 4H timeframe, a potential reversal candle📍 is forming at the support level, which could be a short-term pullback from the bottom of the range zone.⤴️ If the price breaks through the neckline, we can anticipate another impulse leg🚀 down to around 2280. Overall, I expect the market to narrow its price range🚩 in order to form a triangle shape formation before continuing its 📉 current trend.

🎯My goal is the support level around 2290

#GOLD
👉UPDATE
The price perfectly fulfilled my previous idea.📌 It went up to entry zone and rebounded from it. The market's recent consolidation after its 🐻 bearish momentum has been😤 annoyingly steady. Despite this, the price action has created a distinctive equal lows and lower highs, which suggests a compression channel is forming.🚩

Given the importance of closing the 🈷️ monthly candle, I expect the market to 🔀 remain stuck in neutral today, likely trading sideways. However, if the market can push past the key 🗝 resistance level at 2350, I believe we may see a reversal, potentially leading to another lower high as the price corrects itself.📉

🎯My goal is support level at 2323.

#GOLD
👉UPDATE
After breaking the previous week's low,📊 the market is now pulling back ⤴️ towards the range zone, signaling a correction against the current🐻 bearish trend. With high-impact news 🔻 on the horizon, the price is poised to move in any direction, but I believe it may continue to trend downwards if the DXY index rises. 📉

If the market fails to push higher ⤴️ at the resistance zone between 2330 and 2340,〽️ we can expect a rebound from this point, potentially leading to a retest of the support level and channel border.⏬

🎯My goal is the support level of around 2290

#GOLD
👉UPDATE
The price perfectly fulfilled my last idea.✅ It reached the entry zone. The price has pulled back towards the resistance zone and channel border, specifically testing the 🗝 key area at 2350. Notably, the price action has consistently made lower lows and lower closes,📉 indicating a strong🐻 bearish trend.

As the market has formed a rejection candle📍 at the resistance level, I anticipate a potential move lower levels. With this 🚀 bearish momentum in place, I expect the trend to continue, potentially targeting the psychologically significant level of 2300. 📊

🎯My target on 1H is the support level around 2316.80

#GOLD
👉New forecast
The price perfectly fulfilled my last idea.📌 After the market broke through the resistance level, it made an impulsive move downward.⚡️ XAUUSD closed below the significant level of 2330 suggests a continued range-bound market until the New York session.🇺🇸 However, if the price pulls back from the resistance zone and the upward trendline, I expect a potential selling opportunity. 🔻

This is because the price has ⤵️ repeatedly bounced off this level in the last days, and the recent big bearish candle that broke through📉 it is a clear indication of its importance. In this scenario, I anticipate the price to retest the ❗️ equal lows.

🎯My goal is the previous support level at 2315.000
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩‍💻
№1GOLD+410p✅
№2GOLD+292p✅
№3GOLD+231p✅

#GOLD
👉New forecast
Yesterday's release of high 🔴 impact news sparked a surge in the XAUUSD market, propelling it above the crucial resistance zone at 2350 and out of the compression channel.⏫ This break also cleared the previous week's high. I think, the ideal scenario would be a ⤵️ retracement to the broken trendline level, setting the stage for a continued upward movement. 📈

I expect a pullback towards🔑 the 2350 key level, where we can assess the situation and look for confirmation of a buying opportunity 📊 before targeting the round number at 2390.

🎯My goal is the resistance zone around 2382.
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩‍💻
№1GOLD+410p✅
№2GOLD+292p✅
№3GOLD+231p✅
№4GOLD - 75p❌