Or / Dollar Américain
Short

XAU/USD | Gold Hits Double Targets – Is Another Drop on the Way?

1 533
Based on the 4-hour gold chart, we can see that the price was strongly rejected from the $3348 zone, exactly as anticipated, and dropped to $3321—successfully hitting both targets at $3334 and $3324, delivering over 250 pips of profit! Currently, gold is trading around $3328, and I expect another bearish wave to follow soon. The next downside targets are $3318, $3311, and $3301. This analysis will be updated shortly!

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Best Regards , Arman Shaban

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