Global Gold Analysis (Daily Time Frame)
In the past week, global gold prices entered a correction after reaching a historic peak of 2791, with a decline in price to 2731.
Main Scenario: If the price remains below 2788.71, consider sell positions from corrections below this level with targets of 2602.03 – 2468.90.
Alternative Scenario: The 2788.71 level is crucial in this scenario; a break and consolidation above this level would allow the price to rise to 2880.00 – 3000.00.
Gold Analysis (4-Hour Time Frame)
In the 4-hour time frame for gold, after hitting the OTE range, we expect a price increase. If the price fails to consolidate above 2764, the decline may continue to 2698-2701, where buying positions can be entered with confirmation.
Gold Analysis (15-Minute Time Frame)
In the 15-minute time frame, gold is within a range. If it breaks and consolidates above 2762, a price increase to 2788 is anticipated.
If the 2731 level is broken, the price may decline to the areas of 2708 and 2697.