#الذهب $XAUT Gold is now at a crossroads! Returning to where the story began!
After an incredible rally that took it to $5,400,
gold has fallen more than 25% from its peak, returning today to the $4,000 level.
What’s striking is that buyers have stepped in at this very same area more than once,
and it has been the starting point for strong rallies.
Now gold is back to test it, but this time amid a series of lower highs and clearly weakening momentum.
Holding firm here could bring buyers back into the picture,
while a break below $3,850 could open the door to a deeper correction.
After an incredible rally that took it to $5,400,
gold has fallen more than 25% from its peak, returning today to the $4,000 level.
What’s striking is that buyers have stepped in at this very same area more than once,
and it has been the starting point for strong rallies.
Now gold is back to test it, but this time amid a series of lower highs and clearly weakening momentum.
Holding firm here could bring buyers back into the picture,
while a break below $3,850 could open the door to a deeper correction.