Gold Analysis – 03.Apr.2025
Gold Analysis: By examining the gold chart on the 15-minute timeframe, we can see that, just as expected, the price started to rise according to the analysis and hit all four targets: $3128, $3133, $3135, and $3144, and after reaching this important level of $3144, we witnessed a strong drop from $3144 to $3114!
Both scenarios played out exactly as analyzed (first long, then short), and the total return of the analysis after these two moves was over 500 pips!
Eventually, the price started rising again from $3114 and recorded a new high of $3167.6, and after reaching this new historic high, it dropped more than 1000 pips and corrected down to $3062!
Currently, gold is trading around $3072, and we have to see in the coming hours whether gold can stabilize below $3100 or not!
Hope you made the most out of this analysis, and don’t forget to give me energy and motivation with your likes!
(This Post on TradingView)
Author : Arman Shaban
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