REDATOR Ben Graham Posted December 16, 2025 REDATOR Report Share Posted December 16, 2025 Gold is trading around $4,289 within the upward trend channel formed on the charts since October 28. A strong technical correction is observed after reaching a high of $4,350, but approaching important support levels.In the coming days, gold (XAU/USD) is expected to reach key support at $4,212 around the 21 SMA or the 3/8 of Murray located at $4,218, and could even reach the bottom of the uptrend channel around $4,200.If this scenario occurs and gold rebounds above $4,200, it could be seen as a signal to open long positions, with a target at $4,375, and we even expect it to reach the psychological level of $4,500.A sharp break in the uptrend channel and a consolidation below $4,200 could push gold down to the key support level of 2/8 Murray. The instrument could even reach the October 28 low around $3,900.The Eagle indicator is approaching oversold levels, so we believe that there could be a technical correction in the coming days, and gold could reach the key level of $4,200, followed by a technical rebound.The material has been provided by InstaForex Company - www.instaforex.com Visitante_a2d89d57, Visitante_5067b176 and Visitante_032b8be4 1 1 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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