Gold just went through a sharp shakeout. Today, the XAU price dropped nearly $300, catching many traders off guard. But not everyone believes the move marks the start of a deeper slide.
Analyst Shirley argues that the decline may already be complete and expects a rebound into the end of the week. At the center of her view is one key area: $5,000–$5,050.
Looking at the chart, gold has been trading inside a rising channel for weeks. Each pullback has found support along the lower boundary of that channel before pushing to new highs. The recent drop sent the Gold price back toward that lower trendline again, right into the $5,000 region.
That area lines up with previous reaction zones and the lower structure of the channel. So far, buyers have stepped in there repeatedly. If this pattern continues, the latest dip could simply be another higher low within an ongoing uptrend.
Source: X/Shirley
Here’s Where Gold Price Could Go
Shirley is looking to add gold between $5,000 and $5,050.
Her thinking is clear. If buyers defend that pocket, price could work its way back toward the top of the rising channel, which comes in around $5,350 to $5,400. That’s the area gold has struggled with before.
If it breaks above that ceiling and stays there, new highs would be within reach.
But if the gold price slips under $5,000 and can’t get back above it, the setup starts to crack. In that case, a slide toward the mid-$4,800s would be on the table.
Even with the recent swings, she hasn’t changed her bigger view. She still sees gold pushing toward $6,300 this year, as long as the wider environment, rising prices, global tensions, and central bank moves, keeps supporting hard assets.
_****3 Stocks To BUY NOW In March 2026**
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETF Launch Fails to Stem Tide As XRP Sinks to $1.81, Lowest Since April
Crypto asset manager Bitwise’s launch of a spot XRP exchange-traded fund on Nov. 20 failed to lift the token, which fell to $1.81 — its weakest level since April — before a broader Nov. 21 sell‑off drove monthly losses above 20%.
ETF Launch Followed by Double-Digit Losses
The highly
Coinpedia9m ago
Analyst Says Not Buying Kaspa (KAS) Here Is a “Disservice” – Here’s Why
Analyst Says Not Buying Kaspa (KAS) Here Is a “Disservice” – Here’s WhyTraders are talking more about Kaspa (KAS), but this time it’s not about excitement or noise.
One market watcher said skipping Kaspa at these prices would feel like doing his family a disservice. He’s aiming for $0.23 and p
CaptainAltcoin3h ago
Bitcoin Holds $66,000 as Market Braces for March Rebound
Tom Lee predicts a March rebound for crypto and US stocks as Bitcoin stabilizes at $66K amid geopolitical tensions. Despite market volatility and rising oil prices, he expects economic growth to support recovery in risk assets.
CryptoBreaking3h ago
Dogecoin Price Compresses Near $0.10 as Open Interest Drops
Dogecoin is currently trading between $0.0964 and $0.1005, indicating tightening volatility with reduced open interest. Recent exchange flows show stabilization near the $0.10 psychological level, signaling cautious trader positioning and the potential for significant price movements based on defined support and resistance levels.
CryptoNewsLand3h ago
NEAR Surges 14.5% — Will a Break Above $1.25 Ignite a Run Toward $3–$4?
NEAR has risen 14.52 per cent in 24 hours, reaching critical support of $1.09 and resistance of $1.25.
The high trading volume of 195.67M NEAR and 223.63M USDT shows high liquidity and activity.
Break out at above $1.25 would be aiming at a long-term target of $3- $4 whereas the decline w
CryptoNewsLand3h ago
Circle CRCL Stock Slips as Clarity Act Deadline Looms
Key Insights
Circle CRCL stock trades near key support as investors await the Clarity Act decision that could reshape US digital asset regulation framework.
Bitcoin and XRP rally while gold and silver surge as geopolitical tensions drive demand for both risk and safe-haven assets.
CRCL
CryptoFrontNews4h ago
