Gold Analysis – 02.Sep.2025
Gold Analysis: By analyzing the gold chart on the 12-hour timeframe, we can see that today, gold finally managed to print a new All-Time High (ATH)! As anticipated, price broke above $3500 and rallied up to $3508, hitting our previous bullish target and sweeping the liquidity resting above the key $3500 level. After reaching $3508, gold entered a correction phase, dropping to $3470, but quickly bounced back and climbed to $3494. At the time of writing, gold is trading around $3478, showing a bearish reaction but it’s best to wait and see whether price gets rejected again from this level or not. If gold is to undergo a deeper correction, the next potential downside targets are $3465, $3454, and $3420. This analysis will be updated stay tuned for more confirmations from the market!
(This Post on TradingView)
Author : Arman Shaban
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