Get started
LuxeFX_Trading

Gold Correction Deepens After Failed Attempt at ATH Confirmation

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
LuxeFX_Trading Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gann Technical Indicators Trend Analysis xauusdshort xauusdlong xauusdupdates xauusdsell xauusdforecast xauusdsignal xauusdbuy
6
0
gann indicator trendanalysis xauusdshort xauusdlong xauusdupdates xauusdsell xauusdforecast xauusdsignal xauusdbuy
Gold undergoes a significant correction after a failed attempt to confirm its all-time high (ATH).

A double top pattern emerges as a reversal signal, indicating potential downside with a correction target of 2266. For SELL positions, we recommend waiting for a re-test at the neckline around 2284.
Comment:

Related Ideas

LuxeFX_Trading
Market Awaits Key US Inflation Data Amidst Gold Price Prospects
LuxeFX_Trading
Gold Price Analysis: Trends and Predictions
LuxeFX_Trading
Gold Price Likely to Retreat Supported by Strong $2195 Level
LuxeFX_Trading
Gold Surges to $2,280 as Safe Haven Demand Soars
LuxeFX_Trading
Gold will increase in price
LuxeFX_Trading
Gold Surges to All-Time Highs: Outlook and Support Levels
LuxeFX_Trading
Deciphering Gold: Insights from a Financial Analyst
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.