XAU/USD | First LONG, then SHORT! (READ THE CAPTION)

[Arman Shaban]

Re: [$Gold Smashes Another ATH – Eyes on $4](350 Next!)

By analyzing the Gold (XAUUSD) chart on the 15-minute timeframe, we can see that gold hit all targets between $4,300 and $4,350 and even rallied to $4,380.99, marking a new all-time high (ATH)!

After that, gold started to correct below $4,300, briefly dipping to $4,258 before bouncing back above $4,285. I expect that if the price moves into the $4,300–$4,317 zone, we may see a negative reaction or rejection from this area.

If that scenario plays out, gold could drop toward $4,250 as its first key target.
Keep a close eye on these levels — and if you have questions about gold’s trend, feel free to leave a comment using the link below!

[EmTeam]

The market structure looks quite reactive right now. Entering long first makes sense before a quick short, depending on the 4280 resistance level reaction.