Gold Analysis – 04.Apr.2025
Gold Analysis: By examining the gold chart on the 15-minute timeframe, we can see that after correcting down to $3053, the price was once again met with buying pressure and climbed back up to $3135, breaking above $3100.
However, this upward move was not sustained, and after collecting the liquidity above $3135, the price dropped again and is currently trading around $3064.
If gold can break below $3053 and stabilize under that level, we will likely see further decline.
The next bearish targets are $3053, $3044, and $3033, respectively.
Hope this analysis, like all the others, has been helpful for you!
Have a great weekend
(This Post on TradingView)
Author : Arman Shaban
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