Gold Spot / U.S. Dollar
Long
Updated

Gold Tests 4400 as Bullish Scenario Emerges

9 105
Gold Tests 4400 as Bullish Scenario Emerges

After taking into account all the confusion created by GOLD on our previous analysis, the chances are that gold may rise from the current zone.

Gold has already tested a very strong support zone dating back to mid-October 2025. It looks like the price has found support near the 4400 level.

The bulls have entered the trade, but it can be also only one big bull... the one who created the Friday sell-off.

If all goes well, there is a good chance that Gold will rise again from the 4400 level.

According to JP Morgan analysts, "J.P. Morgan expects gold prices to reach $6,300 per ounce by the end of 2026, as demand from central banks and investors continues.

This is a bit of a surprise because they also knew that the high should have been at 5600 two weeks ago and it happened at that price.
Let's see what happens this time.

Overall the Geopolitical tension is still high so this can contribute again on this new bullish movement.

It's very risky but gold may unfold as it is showing on the chart if the big sell-off already finished.

You may find more details in the chart.
Thank you and good luck! 🍀

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Previous analysis:
Gold and Silver Crash: A Coordinated Sell-Off, Not “Profit Takin
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snapshot

Yesterday, when I posted the gold analysis, the price was at 4670.

As we can see, the price is slowly increasing and is already testing 4900 and should soon reach the 5000 target.

The volume is slowly increasing. I can't say as expected because we are in a manipulated market, but it is rising in a clear way.

The 4400 structure area supported the upward movement in a clear way so far. If the price increases in this way, it can easily reach the top near 5600.

Only another sell-off can bring it down again. The overall situation looks pretty good. So, in all scenarios, if the geopolitical situation worsens further, Gold should continue to rise further.

I think this huge release of liquidity was enough for the price to resume the upward movement again .

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