This 15-minute chart of Gold (XAUUSD) shows recent price action with an upward trend followed by a sharp rejection. A bearish projection is indicated with a red arrow, suggesting a potential drop to the 3015 level. The price is currently at 3,028.31, and if bearish momentum continues, it could reach the target area. Traders should watch for further confirmations before entering trades.
Note: This is not a trading signal, just my personal analysis based on current market trends.
Note: This is not a trading signal, just my personal analysis based on current market trends.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.