XAU/USD price outlook: Navigating between Arc levels – Potential continuation toward 4,066
XAU/USD: Arc cycle analysis™
Overview: Based on Arc Cycle Analysis applied to the 4h chart, Gold Spot / U.S. Dollar is trading between the 1 (100%) Arc and 1.236 (123.6%) Arc within the current Arc Cycle. Price has cleared the 1 (100%) Arc and is progressing toward the 1.236 Target Arc, suggesting continued movement toward the next Arc boundary.
Market outlook
Price is trading between the 1 (100%) Arc and the 1.236 (123.6%) Arc, indicating that the market is progressing through the current Arc Cycle toward the next Arc boundary. If downward momentum continues, the preferred scenario is direct continuation toward 4,066 price.
If bullish momentum resumes in the short term, the preferred scenario is an interim recovery up to 4,320 before any potential continuation of the downward move toward 4,066.
Author
Mohamad Gharib
Independent Analyst
Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.
