GOLD: It is Unlikely that Gold Prices will Experience Another Sharp

Hello everyone! Today i want to share some macro analysis with you!

It is unlikely that gold prices will experience another sharp, consecutive decline before the close, nor is a sharp V-shaped rebound likely. The most probable scenario is a weak bottoming process and sideways consolidation within the $4,155–$4,175 range. $Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$

Before the market closes, without significant bearish news to trigger a move, it is unlikely that the price will break through the 4,150 psychological barrier in one go.

Short-term trading strategy: Buy: 4,160 TP: 4,185–4,190 SL: 4,144

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Today i want to share some macro analysis with you!\n\nIt is unlikely that gold prices will experience another sharp, consecutive decline before the close, nor is a sharp V-shaped rebound likely. The most probable scenario is a weak bottoming process and sideways consolidation within the $4,155–$4,175 range. <a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2612\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2612(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a>\nBefore the market closes, without significant bearish news to trigger a move, it is unlikely that the price will break through the 4,150 psychological barrier in one go.\nShort-term trading strategy: Buy: 4,160 TP: 4,185–4,190 SL: 4,144\n<img data-align=\"center\" src=\"https://community-static.tradeup.com/news/9c18c87b554801949f39f2f1bbd68642\" tg-width=\"981\" tg-height=\"505\">\nFollow me to learn more about analysis!!</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some macro analysis with you!\n\nIt is unlikely that gold prices will experience another sharp, consecutive decline before the close, nor is a sharp V-shaped rebound likely. The most probable scenario is a weak bottoming process and sideways consolidation within the $4,155–$4,175 range. <a data-mention-id=\"GCmain\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2612\" target=\"_blank\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2612(GCmain)$</a><a data-mention-id=\"XAUUSD.FOREX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" target=\"_blank\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a>\nBefore the market closes, without significant bearish news to trigger a move, it is unlikely that the price will break through the 4,150 psychological barrier in one go.\nShort-term trading strategy: Buy: 4,160 TP: 4,185–4,190 SL: 4,144\n<img data-align=\"center\" src=\"https://community-static.tradeup.com/news/9c18c87b554801949f39f2f1bbd68642\" tg-width=\"981\" tg-height=\"505\">\nFollow me to learn more about analysis!!</body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! It is unlikely that gold prices will experience another sharp, consecutive decline before the close, nor is a sharp V-shaped rebound likely. The most probable scenario is a weak bottoming process and sideways consolidation within the $4,155–$4,175 range. $Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$ Before the market closes, without significant bearish news to trigger a move, it is unlikely that the price will break through the 4,150 psychological barrier in one go. Short-term trading strategy: Buy: 4,160 TP: 4,185–4,190 SL: 4,144 Follow me to learn more about analysis!!","highlighted":1,"essential":1,"paper":2,"likeSize":88,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/617863164879392","repostId":0,"isVote":1,"tweetType":1,"viewCount":135,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":552,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/617863164879392"}