XAU/USD
Completion of a 1000-Pip Move...
Following the reaction to the final level identified in the previous analysis and after an approximate 1000-pip rally, the price has now entered a corrective phase. If the current situation continues, there is a high probability that the price will decline further, potentially reaching the $3435 area.
Based on the current structure and assuming a final top around $3500, as long as the price remains below $3474, the trend is considered bearish. It is expected that the ongoing move may extend down toward the $3300 zone.
The key level in the current trend is around $3300. If this area is lost, the long-standing trend in higher timeframes may reverse, potentially entering a medium-term corrective phase.
Should the projected top be broken and the price also reach around $3300, the analysis will be updated accordingly.
Completion of a 1000-Pip Move...
Following the reaction to the final level identified in the previous analysis and after an approximate 1000-pip rally, the price has now entered a corrective phase. If the current situation continues, there is a high probability that the price will decline further, potentially reaching the $3435 area.
Based on the current structure and assuming a final top around $3500, as long as the price remains below $3474, the trend is considered bearish. It is expected that the ongoing move may extend down toward the $3300 zone.
The key level in the current trend is around $3300. If this area is lost, the long-standing trend in higher timeframes may reverse, potentially entering a medium-term corrective phase.
Should the projected top be broken and the price also reach around $3300, the analysis will be updated accordingly.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
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Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.