XAU/USD: Another ATH (All Time High) Ahead? (READ THE CAPTION)

By analyzing the gold chart in the 2-hour timeframe, we can see that the price has finally made its big move, just as we predicted! After a correction to $2905, demand increased, pushing the price up by over 400 pips to $2949.

Currently, gold is trading around $2940, and there are two key scenarios:

1️⃣ Holding support at $2940, leading to a rise above $2950 as the first target.
2️⃣ Breaking below $2940 and stabilizing under it, which could trigger a further correction to $2923.

This analysis will be more complete with your support, and more details will be added soon!

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Best Regards , Arman Shaban

Trade active

Gold's 2-hour chart confirms that, as per our previous analysis, the price successfully bounced from $2940 and hit the first target at $2950. However, it didn’t stop there—just as we questioned in the title, *"Is a New All-Time High Coming?"*, gold surged powerfully to $3004.94, setting a new historical high!

Many global banks expected this level to be reached by the end of 2025, but gold has hit it much earlier than forecasted! Currently, the price is trading around $2998, and there are still no strong signs of a major correction. However, with a large FVG between $2952 – $2976, we might soon see a retracement to fill this liquidity void.

For confirmation of a deeper pullback, we need to see a sustained move below $3000. Stay sharp!

Trade closed: target reached

Gold's 2-hour chart played out exactly as expected! After rejecting the $3000 level, the price dropped to $2978, where strong demand pushed it back up. Today, gold retested the key $3000 supply zone and faced a strong rejection.

For further downside, we need a confirmed break below $2990. However, keep an eye on a small price gap between $2999.8 - $2999.9 on the 5-minute timeframe, which is likely to be filled soon.

Watch how gold reacts to these key levels—our previous analysis remains valid!

Note

Yesterday's Analysis :

Gold's 2-hour chart played out as expected, successfully filling the price gap between $2999.8 - $2999.9 yesterday. However, gold didn’t stop there—it broke its previous high and has surged to $3036 so far!

At the moment, both BUY and SELL positions carry high risk due to current market conditions. The best approach is to wait for a structural shift and price correction before entering a trade with minimal risk.

Stay patient! Once the market structure changes, I’ll drop the next gold update for you! 🚀 Show your support for this analysis, and I’ll make sure to bring the update as soon as possible!

Note

Gold's 2-hour chart continues its strong bullish momentum, reaching as high as $3045 today! Currently, the price is trading around $3037, but at this level, there are no clear trading setups.

Right now, the market is not offering a low-risk entry, so the best approach is to wait for a structural shift before considering any trades. Stay patient—once the market gives a clear setup, I’ll update you! 🚀🔥

ArmanShabanTrading

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ArmanShabanTrading

Join me for more Free Signals and New Analyzes In the Public Channel :

⚜️ Free Telegram Channel : t.me/PriceAction_ICT

⚜️ Contact Me : t.me/ArmanShabanTrading

Also on: