Gold Analysis – 08.Apr.2025
Gold Analysis: By examining the gold chart on the 30-minute timeframe, we can see that yesterday the price once again moved exactly as expected, hitting all four targets: $3022, $3016, $3010, and $3000, and even dropped further to $2956, resulting in a total return of over 700 pips!
Currently, gold is trading around $3003, and if the price stabilizes below $3014, we can expect further downside.
All key demand and supply zones are marked on the chart and are fully tradable.
If the drop continues, the next bearish targets will be $2997, $2991, $2984, and $2976, respectively.(This Post on TradingView)
Author : Arman Shaban
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