GOLD: Back from 3795 with target 4000

[TradingPuzzles]

GOLD: Back from 3795 with target 4000

After gold reached 3871.6 earlier today, we saw a strong sell-off that occurred as a profit-taking moment, pushing the price down to 3795.

Currently, buyers are still strong and as long as the price stays above 3795, I don't see any hope for a down move yet. Gold remains in a clear and strong uptrend.

It seems like everyone is trading only gold. It seems like all the market volume is invested only in gold

As we can see, the US reported good JOLT data 7.22M vs. 7.2M, but again the US dollar is weak.

The targets are still valid as in the last analysis I posted.
Main targets: 3850; 3900; 3950 and 4000

You may find more details in the chart!
Thank you and Good Luck!

[The_Walking_Dead]

Strong analysis Gold holding above 3795 keeps the bullish structure intact — eyeing those key targets at 3850, 3900, 3950, and 4000

[Couturier]

Exactly Gold staying above 3795 confirms strong buyer control 🟢 With momentum intact, those upside targets at 3850, 3900, 3950, and 4000 look well within reach

[TradingPuzzles]

@Couturier

3885 was reached and it can reach 3900 over the night

https://www.tradingview.com/x/QfefkKc9/