XauUsd- Major Price Drop Ahead? Analysis& Predictions

In this video, I delve into my latest gold price analysis and predictions. As I mentioned in my analysis yesterday, a significant drop in gold prices is anticipated once the current correction ends.
Key Points Covered:
Price movement above the 2320 local resistance, creating a new upward correction leg.
Reversal from 2341, leading to a precise short entry.
Formation of a "bearish mat hold pattern" since Friday, indicating a continued downward trend.
Current gold trading at 2314, below the 2320 zone, which has acted as both support and resistance recently.
Expected confirmation of a lower high with a drop below the 2300 psychological level.
Exposure of technical support at 2285 and the potential for gold to fall to the 2250 zone initially.
Stay tuned to get detailed insights and understand the technical patterns influencing the gold market. Don't forget to like, comment, and subscribe for more updates!
#xauusdanalysis #xauusd #xauusdtrading

[@ForexXauUsdCryptoPulse]

Share your opinion on XauUsd or ask your questions in the comments section below!

[@eugeniofranco4593]

Thank you very much for sharing your experience and your analysis of the day, it is greatly appreciated. Blessings from México

[@ForexXauUsdCryptoPulse]

@@eugeniofranco4593 Welcome and glad I could help

[@shahidtrader30]

It's going up to 2405 and then back to 2284.weekly close above 2330 is bullish

[@flavorisyou895]

I see it going to 2400
Your wrong

[@ForexXauUsdCryptoPulse]

Is not about right or wrong, is about making money and I am in sell from 2340, so all the time in the world to close in profit if I change my mind