Gold Daily Rejection at ATH Signals Potential Correction Phase?

4월 2일

The price has entered the projected topping zone that we discussed in previous posts, with increased volatility in the 3,100-3,150 range. This aligns perfectly with earlier forecast. The current situation presents two likely scenarios:

Scenario 1: Pullback and Double Top

If bears manage to keep the price below the previous day's high , we could see a pullback to the first support area around 3,050-3,060. From there, price might bounce back up to retest the all-time high, forming a double top pattern before beginning a more significant move to lower levels.

Scenario 2: Direct Move to Major Support
Alternatively, we could see a more decisive move down, bypassing the intermediate support and heading directly to the high-volume support zone visible on the volume profile around 2,900-2,880.
for Intraday the Major Support is at 3100-3110 zone , resistance is at PDH.

4월 7일

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