GOLD (XAU) analysis - Sep 26 2024
Gold has been in an uptrend since early 2024 due to fundamental and Geopolitical factors.
Analysis on Gold suggests that just in 2700$ area, it might form a major mid-term top and start a correction towards lower levels as divergence in both higher timeframes and the lower ones can be seen.
Once the top is formed and confirmed, Gold shall spend some weeks in correction phase. if we see strong push through 2700$, the next important area might be 2835$ zone. #GOLD #XAU
Analysis on Gold suggests that just in 2700$ area, it might form a major mid-term top and start a correction towards lower levels as divergence in both higher timeframes and the lower ones can be seen.
Once the top is formed and confirmed, Gold shall spend some weeks in correction phase. if we see strong push through 2700$, the next important area might be 2835$ zone. #GOLD #XAU
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