Gold Analysis – 09.Apr.2025
Gold Analysis: By examining the gold chart on the 30-minute timeframe, we can see that, just as expected, yesterday the price successfully hit all the targets: $2997, $2991, $2984, and $2976, and even corrected further down to $2969! The total return from yesterday’s analysis was over 400 pips. After gold reached the $2970 zone — which, as shown on the chart, was a major demand area — we saw a surge in buying pressure, leading to a rapid 1,000-pip rally up to $3072 in just 12 hours! Currently, we can see that gold has shown a negative reaction after reaching the supply zone we previously marked on the chart. Now the key question is whether the price can stabilize below the $3070 level. If it does, we can expect a possible correction toward the $3045–$3048 zone.
This analysis will be updated again if necessary.
(This Post on TradingView)
Author : Arman Shaban
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