Gold (XAUUSD) Sell Setup – Targeting 3022 & 3006Price has previously rejected this area, indicating strong selling pressure. A potential bearish move is anticipated, targeting the lower support level around 3022.670. If the price fails to break above the resistance, the projected downward movement is likely to follow.
Take Profit (TP) levels:
- TP1: 3022.000 (Stronger reaction zone)
- TP2: 3006.000 (Final target, deeper support level)
These levels align with key support zones where price may react.
Gold3000
Gold Measured Move Target (Spot)Gold has finally climbed to over $3,000/oz for the first time in history however the yellow metal may not be done quite yet. Based on this repeated measured move of roughly $550 on each bull advance, we should expect the price of spot to get close to the $3,100 handle sometime soon. Seasonally, gold likes to rally into early/mid April before a cool off period so it is likely coming in the next 2-4 weeks.