#GOLD
👉UPDATE
After reaching the critical resistance zone, the market has pulled back,⤵️ with the price currently testing the support level at 2400 and the lower 〽️ border of the upward channel. The double test of this support level suggests that the 🐻 bears have been unable to push the price lower, indicating a potential turning point. On the daily timeframe, 🚩 an inside bar formation is developing, indicating consolidation within the previous day's range.📊

I believe that the market may 📈continue to move upward, as the price 🪝 took a liquidaty below the previous day's low. If the market bounces off this support level, I expect a retest of the recent resistance zone and a subsequent 🐃bullish move.

🎯My goal is the resistance zone around 2460
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩‍💻
№1GOLD+466p✅
№2GOLD+247p✅
№3GOLD+281p✅
№4GOLD+260p✅
№5GOLD+437p✅

#GOLD
👉New forecast
The market continues moving in the 🐌 a sideways trend, with the price forming a descending triangle pattern. XAUUSD is making lower highs 📉 and relatively equal lows, suggesting that the market may be poised to break below the equal lows.⤵️ Notably, the key support level at 🔑 2400 is located below this potential breakout point.

If the price forms a fake breakout by🪝taking out the liquidity below the EQL, I believe it could lead to a significant upward move.🚀 Following this, I anticipate the market will experience a short-term pullback before extending its upward trajectory. 📈

🎯My goal is the resistance zone at 2460.
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩‍💻
№1GOLD+466p✅
№2GOLD+247p✅
№3GOLD+281p✅
№4GOLD+260p✅
№5GOLD+437p✅

#GOLD
👉New forecast
As we can see that the XAUUSD recent sold-off,🔻 where the price surged above its previous high before plummeting, breaking through the 🗝 crucial support level at 2400. At this point, the market may enter a sideways phase,🐌 as the formation of a〽️ double top suggests that the bulls lacked the strength to push prices higher.

This could be an opportunity for traders📈 who missed the initial bullish rally to go long. The next key support level is 2350, where the price consolidated 🔀 below for a prolonged period before⤴️ finally breaking and closing above it. I expect a retest of the resistance zone at 2400 from the support level. ❗️ However, if the market continues to decline, the next significant support level will be at 2300. 📊

🎯My target is resistance zone at 2390.
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩‍💻
№1GOLD+466p✅
№2GOLD+247p✅
№3GOLD+281p✅
№4GOLD+260p✅
№5GOLD+437p✅
№6GOLD -93p❌

#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