XAUUSD 4HR Analysis
XAUUSD 4HR Analysis
📊 XAUUSD 4HR Analysis Update
Following this week's massive stock market crash, which began in the JPY markets and spilled over to the US and other markets, we witnessed gold take a significant dive from 2450 to 2365 due to intense bearish pressure. 📉
Despite this, the bull trend remains intact as the price rebounded off the daily trend low of 2365 and corrected back into the 2400s. Currently, sitting just above the 200 EMA, gold is looking to complete its next quarter phase by surging up to the key level of 2425-2450. This would address the imbalances caused by this week's events. 📈
I'm still optimistic about seeing 2500 by the end of the year, considering gold's growth rate over the past several years. What are your thoughts? 🤔
#XAUUSD
📊 XAUUSD 4HR Analysis Update
Following this week's massive stock market crash, which began in the JPY markets and spilled over to the US and other markets, we witnessed gold take a significant dive from 2450 to 2365 due to intense bearish pressure. 📉
Despite this, the bull trend remains intact as the price rebounded off the daily trend low of 2365 and corrected back into the 2400s. Currently, sitting just above the 200 EMA, gold is looking to complete its next quarter phase by surging up to the key level of 2425-2450. This would address the imbalances caused by this week's events. 📈
I'm still optimistic about seeing 2500 by the end of the year, considering gold's growth rate over the past several years. What are your thoughts? 🤔
#XAUUSD
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