🔥 Gold Market Analysis: Perfect Reaction & Today’s Critical Levels 🇮🇳

Yesterday’s analysis was nearly spot-on (90% accuracy 🎯) with gold reacting sharply at historical highs, triggering profit-taking from early European session and maintaining bearish momentum into today’s Asian session. 📉

The primary driver behind gold’s modest decline is profit-booking by traders at these all-time high levels. Investors are now patiently waiting to re-enter at attractive liquidity zones below, aiming to bolster their gold reserves. 🌟

With the global economy shifting towards a pause in rate hikes and potentially moving into a rate-cutting cycle, we’re edging closer to a new era of “cheap money.” Historically, cheap money cycles have significantly propelled asset prices upward, and gold often leads these rallies. 🚀✨

Technical analysis aligns seamlessly with fundamentals right now. The reversal signal at recent highs remains weak, and sell pressure isn’t aggressively bearish—just cautious profit-taking as gold tests historical tops. This cautious behavior indicates investors aren’t keen on aggressively shorting gold; they’re just scouting short-term peaks. ⚠️

Currently, the bullish channel on the H1 timeframe is under pressure and appears broken as prices hover around 3030, testing immediate support at 3025. If gold decisively breaches this support, expect deeper downside momentum. Today, being a volatile Friday, we could see intensified moves and significant volume aimed at sweeping lower liquidity zones. 🔻

Key Resistance Levels: 3038 | 3046 | 3056 | 3070 📌Key Support Levels: 3030 | 3025 | 3014 | 3005 📌

If immediate supports break down, gold could swiftly move towards the 300x region today, activating stronger selling pressure below the channel breakout. Be vigilant!

✅ BUY Zone: 3006 – 3004🛡 SL: 3000🎯 TP Targets: 3010 | 3015 | 3020 | 3025 | 3030

❌ SELL Zone: 3056 – 3058🛡 SL: 3062🎯 TP Targets: 3052 | 3048 | 3044 | 3040 | 3035 | 3030

Pay close attention to Asian and European sessions today. We’ll update further before the US session, anticipating significant volatility and profit-booking movements to close out the week. Stay disciplined, respect your TP & SL for a safe trading experience! 🙌📊