I predicted XAU (Gold) on Binance Square on March 18, 2025, about its above resistance levels (screenshot attached for reference).
XAU is currently forming its last pattern on the quarterly candle chart. If it gets rejected from the above resistance, a massive pullback is expected.
XAU has already skipped several supports, with the lowest noted at $35, which could be reached in the first quarter of 2030. I am not saying XAU will reach that level, but the skipped supports are still waiting to be tested.
If it gets rejected and fails to sustain above resistance, the next support level will be $3,303, and the pattern could go even lower.
The first major supports are $1,846 / $1,707, but it may extend down to $1,292 / $1,046, and then to its key break pattern support at $919.
This $919 level is very important. If it breaks, it would confirm a potential drop toward the bottom at $428 / $35.
However, if XAU breaks above the resistance at $4,707 / $4,727 and successfully holds this level as support, new targets will be $5,539.
Above future resistances:
$7,115 / $7,217
$7,759 / $8,245
$9,206
Maximum high noted $11,954 / $13,022
This message is for educational information.
Always DYOR.
XAU is currently forming its last pattern on the quarterly candle chart. If it gets rejected from the above resistance, a massive pullback is expected.
XAU has already skipped several supports, with the lowest noted at $35, which could be reached in the first quarter of 2030. I am not saying XAU will reach that level, but the skipped supports are still waiting to be tested.
If it gets rejected and fails to sustain above resistance, the next support level will be $3,303, and the pattern could go even lower.
The first major supports are $1,846 / $1,707, but it may extend down to $1,292 / $1,046, and then to its key break pattern support at $919.
This $919 level is very important. If it breaks, it would confirm a potential drop toward the bottom at $428 / $35.
However, if XAU breaks above the resistance at $4,707 / $4,727 and successfully holds this level as support, new targets will be $5,539.
Above future resistances:
$7,115 / $7,217
$7,759 / $8,245
$9,206
Maximum high noted $11,954 / $13,022
This message is for educational information.
Always DYOR.
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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.
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.