Upon reviewing the 15-minute gold chart, we can see that the price once again reached a new high today, rallying up to the key psychological level of $3500. Following this move, gold has experienced a pullback down to $3423 so far. If the price stabilizes below $3442, we will likely see a further correction toward the next target at $3411. (This analysis will be updated)
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Best Regards , Arman Shaban
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By examining the gold chart on the 15-minute timeframe, we can see that, as expected, the price began to drop and successfully hit our first bearish target at $3411. However, the price was only satisfied with the liquidity below that level and continued its decline. So far, gold has corrected over 2000 pips, reaching as low as $3290. Currently, it is trading around the $3300 zone. If gold stabilizes below $3340, we may expect a deeper correction. The next potential bearish target is $3284. Keep an eye on how the price reacts to these key levels!Trade closed: target reached
Well, just as I predicted — and as most of you voted — 
GOLD hit the $3284 target!Note
By analyzing the gold chart on the 15-minute timeframe, we can see that, as expected, the price successfully hit the $3284 target and even corrected further down to $3259. Currently, gold is trading around $3311, and I expect more downside movement soon. The next potential bearish targets are $3307, $3303, $3297, and $3285, respectively.
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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
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
Related publications
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.