Gold Price Analysis Potential Reversal Zone & Target Projection

28 Mar

This 4-hour gold (XAU/USD) chart highlights a breakout from a symmetrical triangle pattern, leading to a strong bullish rally. The price has now entered a reversal zone, where a potential pullback is anticipated. The red-shaded area represents a key support level, where price action may retest before continuing its trend. The projected target for this retracement is $3,060, aligning with previous resistance-turned-support levels. Traders should monitor price behavior in the reversal zone for confirmation of a potential trend shift or continuation.


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28 Mar

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28 Mar

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