XAU/USD : Potential Fall Ahead ! (READ THE CAPTION)

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By examining the gold chart on the 30-minute timeframe, we observe that after a CHOCH and a break in market structure (BMS) at the $2466 and $2462 levels, gold experienced a further decline, correcting down to $2451. Currently, the price is trading around $2465. Given the structure formed on the chart, we can anticipate another potential drop to $2451 as the first target. This analysis will be updated accordingly afterward.

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Trade fermée: cible de profit atteinte
By examining the #gold chart on the 30-minute timeframe, we see that, as expected, after the price entered the supply zone at $2468, it faced heavy selling pressure. Within less than 4 hours, it hit the target of $2451 and then continued to drop, correcting down to $2441. The return on this analysis has been over 280 pips so far! I hope you made the most of this analysis!

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As you can see, by examining the 30-minute #gold chart, we notice that since yesterday when we released this analysis, the price has successfully dropped by over 600 pips, correcting down to $2410. Currently, the price is trading around $2412, and it is likely that if the price enters the demand zone of $2401 to $2408, we will see an initial positive reaction. Once the price stabilizes, we can analyze the next move. (This analysis will be updated.)

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After reaching the targeted demand zone, the price showed a very short positive reaction and then continued its decline, dropping to $2393 for further liquidity gathering. However, it has since encountered demand pressure again and is currently trading around $2404. We need to see if the price will stabilize above $2400 again. To determine the trend for next week, we must see whether gold closes above or below $2400 today. Note that the bearish selling pressure remains high, and we should wait for more stability in the market.

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By examining the 30-minute #gold chart, we see that after the price dropped to $2393 and entered the Bullish Rejection Block in the specified zone, it rallied back up to $2408. Currently, gold is trading around $2403. If it manages to hold this support level, we might see a further rise to levels like $2410. This analysis will be updated, but it’s crucial to see if the price closes above $2400 or below $2400 by the end of tonight. Have a great weekend, everyone! 🫡

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Trade fermée: cible de profit atteinte
Upon reviewing the 30-minute gold chart, we observed that as expected, gold managed to close above $2400 on the weekly candle last Friday. Today, the market opened with a gap at $2403 and climbed to $2412, hitting the target of $2410. Overall, this analysis has yielded over 900 pips so far. I hope you have maximized its potential. This analysis will not be updated further, and the next gold analysis will be completely new. Stay tuned!

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Bitcoin (Cryptocurrency)Chart PatternsDXYEURUSDForexforexsignalsGBPUSDGoldgoldsignalsTechnical IndicatorsTrend AnalysisXAUUSD

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