XAU/USD | First BUY, then SELL (READ THE CAPTION CAREFULLY)

Apr 2

By analyzing the #Gold chart on the 4H timeframe, we can see that price continued to follow the projected bullish scenario and extended its strong recovery once again. As expected, Gold pushed higher and finally reached the $4800 level, hitting the major target discussed in the previous analysis.

However, right after reaching this key level and during Trump’s speech, price entered the major supply zone we had marked on the chart. Strong selling pressure stepped in immediately and triggered a sharp decline. Gold dropped aggressively all the way down to around $4550, pushing the total return of this analysis to more than 3200 pips. I hope many of you managed to take advantage of this extremely powerful move.

Currently, Gold is trading around the $4620 region. With tensions continuing to rise in the Middle East and uncertainty around the Strait of Hormuz, the market remains highly volatile and further downside pressure may develop in the coming sessions.

In the short term, I expect a temporary bullish rebound before the next bearish leg begins. From a structural perspective, the nearest supply zones are now forming around $4700 – $4760, followed by the stronger resistance cluster between $4800 – $4850. On the downside, the closest demand zones are located around $4550 – $4580, with the next deeper demand area sitting between $4400 – $4450.

If the expected rebound occurs and price fails to reclaim the upper supply zones, the next downside targets to monitor are $4520, followed by $4450, then $4380, and potentially $4250 if bearish momentum accelerates.

As always, the reaction of price around these key supply and demand zones will determine the next major move. This analysis will be updated step by step as the market evolves.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Apr 3

Trade active

By analyzing the #Gold chart on the 4H timeframe, we can see that after the previous drop from the $4800 region, price behaved exactly as expected. Yesterday, Gold first pushed higher and reached around $4700, briefly entering the newly formed FVG, but sellers quickly stepped in and price rejected the zone, closing the session around $4676.

It’s also important to note that today commodity markets like Gold and Oil are closed due to the Easter holiday, so no new price movement is expected until the market reopens. In my view, once trading resumes we may first see a short-term bounce, followed by another bearish continuation. If selling pressure returns, the next short-term downside targets to monitor are $4620, $4585, $4550, and potentially $4500.