Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GOLD analysis 29 April 2025 #goldtrading #xauusd #trading #shorts #fyp

29 Apr 2025 · 1 min

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Vladimir Ribakov analyzes gold price action using Bollinger Bands, noting a bounce off a secondary band duplication zone he calls phenomenal. He sees the market in a corrective phase with three possible scenarios: range-bound movement followed by downside pressure, broken resistance acting as support, or a move toward dynamic support.

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on the Bollinger Bands here— one second, here let me just measure that— we are now from the most recent close here on the Bollinger, we are now bouncing off the second Bollinger Band duplication zone. Phenomenal area and technical conditions. And the way I see that on the lower time frames, on a daily chart, again we bounce off over both conditions and Uh, the way I see that the gold is now on some corrective movement. So there are a couple of scenarios I see there on the gold. The first one, the ideal one, we see the gold making some range here and make another push to the downside, ideally towards this inner range or the broken resistance that becomes support, or of course back to the dynamic supportive area.