CAN #GOLD PUMP BACK TO $4,400?
Guys, $XAU dropped from $4,700 to around $4,167, and now it's trading near an important buy zone.
I'm watching for a bounce, but buyers still need to show strength.
My XAU Bullish Targets
TP1: $4,200
TP2: $4,270
TP3: $4,350
Big Target: $4,377
Buy Zone: $4,050–$4,120
Key Support: $4,005
If gold holds this support, we could see a recovery toward $4,300 and higher.
But if $4,005 breaks, another drop is possible.
I'm watching this zone closely. Gold could be getting ready for its next move!
Guys, $XAU dropped from $4,700 to around $4,167, and now it's trading near an important buy zone.
I'm watching for a bounce, but buyers still need to show strength.
My XAU Bullish Targets
TP1: $4,200
TP2: $4,270
TP3: $4,350
Big Target: $4,377
Buy Zone: $4,050–$4,120
Key Support: $4,005
If gold holds this support, we could see a recovery toward $4,300 and higher.
But if $4,005 breaks, another drop is possible.
I'm watching this zone closely. Gold could be getting ready for its next move!