🔮 Crystal Ball Forecast for Gold (XAUUSD)
Current Price: 3372
Medium-Term Direction: 🔻 DOWN
✅ My Forecast: GOLD WILL GO DOWN from 3372
🔍 Why? (Technical Reasons Supporting Bearish Outlook)
1. Gann Price Vibration (From recent high ~3385)
3372 = 45° level – key resistance level
Price rejected at 3375–3385 zone multiple times
If 3375 holds as resistance, next vibration levels:
3335 (Gann 45° down)
3284 (Gann 90° down)
3250 (Gann 120° down)
2. Elliott Wave
Looks like Wave 5 (ending diagonal) completed at 3385
Current price at 3372 = classic "after top" trap zone
Next structure likely forming ABC correction or new bearish impulse
Projection:
Wave A → 3335
Wave C → 3280–3250
3. Price Action + Candle Behavior
Strong upper wicks around 3375–3380
Lower highs forming = distribution pattern
MACD & RSI divergence visible on 4H/1D
📉 Medium-Term Bearish Targets
Target Price Reason
3335 Gann 45° down, Wave A low
3284 Gann 90° down, Wave C
3250 Gann 120°, Cycle
3183 Gann 180°, major support
📌 Summary Forecast
✳️ Gold is topping out.
✳️ Bearish move toward 3280–3250 is highly likely.
✳️ Best entry = on rejection from 3375–3380 zone
✳️ Stop = above 3390
✳️ Hold short for 2–3 weeks or until target reached
Current Price: 3372
Medium-Term Direction: 🔻 DOWN
✅ My Forecast: GOLD WILL GO DOWN from 3372
🔍 Why? (Technical Reasons Supporting Bearish Outlook)
1. Gann Price Vibration (From recent high ~3385)
3372 = 45° level – key resistance level
Price rejected at 3375–3385 zone multiple times
If 3375 holds as resistance, next vibration levels:
3335 (Gann 45° down)
3284 (Gann 90° down)
3250 (Gann 120° down)
2. Elliott Wave
Looks like Wave 5 (ending diagonal) completed at 3385
Current price at 3372 = classic "after top" trap zone
Next structure likely forming ABC correction or new bearish impulse
Projection:
Wave A → 3335
Wave C → 3280–3250
3. Price Action + Candle Behavior
Strong upper wicks around 3375–3380
Lower highs forming = distribution pattern
MACD & RSI divergence visible on 4H/1D
📉 Medium-Term Bearish Targets
Target Price Reason
3335 Gann 45° down, Wave A low
3284 Gann 90° down, Wave C
3250 Gann 120°, Cycle
3183 Gann 180°, major support
📌 Summary Forecast
✳️ Gold is topping out.
✳️ Bearish move toward 3280–3250 is highly likely.
✳️ Best entry = on rejection from 3375–3380 zone
✳️ Stop = above 3390
✳️ Hold short for 2–3 weeks or until target reached
Note
🔮 FINAL VERDICT: I STILL BELIEVE GOLD WILL GO DOWN🧭 Here's Why (Real-Time Technical Snapshot at 3377):
1. Failure to Hold Above Gann 60° (3389)
Gold pushed up to ~3387–3388 and failed to close above that key Gann 60° level.
This forms a rejection wick / possible bull trap.
2. Elliott Wave View
If 3387 was a Wave B or Wave 2 retracement, we are now entering:
Wave C or Wave 3 down
Projection: 3377 → 3335 → 3284
4. Candlestick + Price Action
H1 and H4 candles show upper shadows near 3385+
Lower highs forming, creating bearish compression
📉 Revised Downside Path (From 3377)
Target Method Notes
3335 Gann 45° down First bearish checkpoint
3318 Gann 60° down Intermediate
3284 Gann 90° down Elliott Wave C / 3
3250 Gann 120° down Final major reversal zone
🔻 Risk invalidation: if price closes strongly above 3390
🟢 Until that happens — the bearish forecast holds.
🧠 Strategy From Here
✅ Short entries near 3378–3385 are still valid
⛔ Stop above: 3390–3395
🎯 Target: 3335 → 3284 → 3250 (multi-day outlook)
Note
"1. Failure to Hold Above Gann 60° (3389)Gold pushed up to ~3387–3388 and failed to close above that key Gann 60° level.
This forms a rejection wick / possible bull trap."
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.
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.