avatar
· Views 521
Gold (XAUUSD) Price Forecast: Eyes $4,041 Target: Gold posted its biggest one-day drop since October 21 down 4.37% to $4,335 on Monday mirroring a past pattern that led to a $495 decline over 6 days. Subtracting that from Friday's high of $4,537 points to a swing target of $4,041 by January 6, below the 50-day moving average at $4,172. This sharp selloff likely stems from year-end profit-taking, portfolio rebalancing, and traders booking gains before 2025 ends. The recent rally from October's $4,381 top gained just $155, far less than Monday's loss, trapping breakout buyers. Old tops often become new bottoms, and strong sellers could squeeze weak longs toward the 50% retracement at $4,212 or $4,172 first. Technicals show bearish momentum after failing key levels like $4,381 and $4,350, with no reversal top yet. Fundamentals remain bullish long-term, but expect volatility from margin calls and "trapped traders turning into investors." Watch for a plunge to $4,041 if selling persists or a bounce if support holds. #MEGAFUSION安汇# #COPYTRADE# #FX#

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Reply 0

Leave Your Message Now

  • tradingContest