Gold Analysis - Has the Breakout Attempt Failed?

Why It Matters

The outcome will dictate whether gold resumes its rally or enters a deeper decline, influencing portfolios and hedging decisions across commodities markets.

Key Takeaways

• Gold correction may end near $4,340 level soon
• Potential additional low could drop to $3,896 significantly
• Bulls gaining strength as correction nears overall completion
• Bears weakening; market stuck in sideways range currently
• Watch micro‑resistance between $4,720 and $4,772 levels for breakouts

Summary

The video examines gold’s ongoing corrective phase that began in January, outlining an Elliott‑wave‑style A‑down, B‑up, C‑down pattern and suggesting the market may be approaching the final leg of this move.

The analyst notes that if another low materialises, price could test the next Fibonacci zone between $4,340 and $3,896, while the current sideways trading range offers limited directional clarity. He highlights that bullish momentum is beginning to outweigh bearish pressure as the correction wanes.

“At the end of a correction the bulls start to get a little stronger, the bears get weaker,” the commentator says, emphasizing the importance of the micro‑resistance band around $4,720‑$4,772 as a potential breakout trigger.

For traders, a breach above that resistance could signal the start of a new uptrend, whereas a dip below $3,896 would confirm a deeper corrective swing, shaping positioning strategies ahead of upcoming macro data releases.

Original Description

This video provides a professional Elliott Wave and technical analysis of the gold market, focusing on the current price structure, support and resistance zones, and possible mid- to long-term scenarios. The goal is to help viewers understand where gold stands in the larger market context — from short-term setups to long-term structural insights.

We collaborate with XTB, a globally regulated broker offering access to over 7,100 stocks and 1,400 ETFs - commission-free up to €100,000 per month (affiliate link):

Explore more here: https://geolink.xtb.com/XjNyk

(Please note: XTB services are not available to U.S. clients.)

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 69% and 80% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

-----------------------------------------------------------------------------------------

🧿 MCO Global:

🔹 Join the MCO Stocks & S&P500 Community:

https://www.patreon.com/MoreTradingOnline

💻 https://www.mcoglobal.com/

✉️ Join the FREE Newsletter:

👉 https://mcoglobal.com/newsletter/

-----------------------------------------------------------------------------------------

🧿 Social Media:

👉 X / Twitter:

https://x.com/Moretradingonl

🔗 All Links: https://linktr.ee/morecryptoonline

✉️ Contact: [e-mail]

-----------------------------------------------------------------------------------------

🧿 Brokers (Affiliate Links):

👉 Trade with XTB – a global, regulated broker offering 7,100+ stocks and 1,400 ETFs

🔗 https://geolink.xtb.com/XjNyk

(Please note: XTB services are not available to U.S. clients.)

-----------------------------------------------------------------------------------------

🧿 Research & Tools (Affiliate Links):

👉 Tradingview - Chart software

Get a $15 discount on your first subscription:

https://www.tradingview.com/?aff_id=108760

👉 Stay safe with NordVPN:

https://go.nordvpn.net/SH4s0

-----------------------------------------------------------------------------------------

⚠️ Disclaimer

The content provided on this channel is for informational and educational purposes only.

It does not constitute financial advice, an offer or solicitation to buy or sell any financial instruments, or a financial service under applicable laws.

All analyses and opinions expressed are strictly personal views. You are solely responsible for your own investment decisions and act at your own risk. Always consider your individual risk profile and, if necessary, consult with an independent financial advisor.

Some of the links provided in this description may be affiliate links. If you choose to use them, MCO Global may receive a commission – at no additional cost to you. Thank you for supporting the channel.

⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 69% and 80% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.