#GOLD IS What’s happening is a crushing crash‼️ But it’s a big, ongoing return right now❓
Only the second time‼️
Everyone is watching the gold drop back, but I see something interesting on the daily chart today!
$XAU was rejected near $4,700 and started falling hard. Now it’s trading around $4,123, and it’s approaching a major demand zone.
Here’s what I’m watching:
Buy zone: $4,000–$4,080
First target: $4,200
Second target: $4,270
Key resistance: $4,700
If buyers defend the $4,000–$4,080 zone, gold could attempt a strong rebound toward $4,270.
But if $4,000 is broken, the bullish scenario could collapse.
I’m in no rush to open a long position. I want to see the buyers enter first!
What do you think? Will gold bounce toward $4,270, or will it break down below $4,000 first?
Only the second time‼️
Everyone is watching the gold drop back, but I see something interesting on the daily chart today!
$XAU was rejected near $4,700 and started falling hard. Now it’s trading around $4,123, and it’s approaching a major demand zone.
Here’s what I’m watching:
Buy zone: $4,000–$4,080
First target: $4,200
Second target: $4,270
Key resistance: $4,700
If buyers defend the $4,000–$4,080 zone, gold could attempt a strong rebound toward $4,270.
But if $4,000 is broken, the bullish scenario could collapse.
I’m in no rush to open a long position. I want to see the buyers enter first!
What do you think? Will gold bounce toward $4,270, or will it break down below $4,000 first?