Date: 15/03/2026
The price action on gold at the moment is looking bearish. The scenario I see that is most likely to play out is one that will take gold to lower targets of around 4500. Since this is a corrective and gold continues to be bullish in the long term I would not recommend trying to catch this move or go aggressively short. This move should be used to monitor where gold seems to be creating a base / bottom. Once that is in place, we will plan our long trades with a defined stop loss that we can use to hold our gold trade over an extended period of time.
The last rally in gold was fairly quick and strong which is why this corrective period is acting not only as a price but as a time wise correction too. It's easy to get tempted during these times but I assure you patience has always yielded great dividends.
Sharing the charts of my most probable count below.