Gold Analysis — TradingView Idea (13-May-2025)

Chart Observation:

Gold is currently in a corrective downtrend, forming multiple Harmonic patterns.
The recent structure has created a bearish harmonic pattern again, indicating potential continuation of the fall.
Price has retraced into a supply zone but failed to create a bullish breakout.
Key Levels & Strategy:

Critical Breakdown Level: 3225 USD
Below this level, expect strong selling confirmation.
Breakdown of this support will likely trigger aggressive downside movement.
Target Level: 3135 USD
This is the next strong support zone.
Expect price to reach this level swiftly once breakdown is confirmed.
Pattern Behavior:
Historically, such breakdowns lead to impulsive and sharp declines.
Aggressive sellers dominate after confirmation, leading to quick price drops.


Disclaimer:

This analysis is for educational purposes only and does not constitute investment advice. Trading and investing involve substantial risk. Please do your own research or consult with a financial advisor before making any trading decisions.