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
Tom Lee says US stocks may have already hit bottom, and Bitmine is supporting the New York Stock Exchange main board listing with a 4 billion yuan backstop
Bitmine rose to the NYSE main board on April 13 and increased its share repurchase authorization from $1 billion to $4 billion to support its stock price. Chairman Tom Lee said that U.S. stocks may have already bottomed out because the Iran-Iraq ceasefire agreement eased geopolitical risks and because the fundamentals of ether (ETH) have improved. Bitmine holds about 4.8 million ETH, and each 1% increase brings roughly $100 million in asset appreciation.
MarketWhisper25m ago
Morpho Borrowers Paid $170M Interest. Aave Made More.
_Morpho borrowers paid $170M in interest over one year, Token Terminal data shows, outpacing Aave’s $140M revenue against a comparable $1.5B valuation._
DeFi lending is moving fast. And one protocol nobody was talking about two years ago just posted numbers that are turning heads across the
LiveBTCNews1h ago
BSC Chinese meme coins surge across the board, as CZ’s tweet sparks a “Crypto Summer” craze
On April 13, Chinese meme coins across the BSC chain rose across the board, led by “Binance Life,” with a weekly gain of up to 360% and an intraday increase of over 45%. CZ’s post sparked resonance with “Crypto Summer,” energizing sentiment across the entire sector. Although market sentiment has surged in the short term, the high volatility and liquidity risks of meme coins cannot be ignored, and investors need to be cautious.
MarketWhisper3h ago
Bittensor founder accuses former brother of betrayal; TAO’s sudden plunge sparks 9.1 million liquidations
Bittensor co-founder Jacob Steeves accuses Covenant AI’s Simon Dare of intentionally causing damage to the agreement, leading to a sharp drop in TAO tokens. Steeves proposes a locked-staking mechanism that uses on-chain code to enforce commitments and prevent founders from making sudden, surprise exits. Even as the crisis unfolds, Bittensor’s open-source architecture can still ensure the agreement continues to operate, and it is set to hold a meeting to introduce the new mechanism.
MarketWhisper4h ago
Bloomberg strategist Mike McGlone: a crypto bear market or at the early stage, with Bitcoin potentially falling back to $10k
Bloomberg strategist Mike McGlone says the crypto bear market may be in its early stages, and Bitcoin could fall to $10k. Even though Bitcoin ETFs have matched S&P 500 ETF returns, Bitcoin ETFs have higher volatility and the valuation of underlying assets that lack real support remains elevated.
GateNews4h ago
Why is Bitcoin down today? The U.S. military blocks the Strait of Hormuz, but Iran-U.S. talks end in failure
The U.S. imposes a naval blockade on Iran, causing the U.S.-Iran nuclear talks to fall apart. Market risk sentiment intensifies, and Bitcoin drops to $71,000, with a 24-hour decline of 3.1%. Traditional market capital flows into safe-haven assets, and analysts are divided on Bitcoin’s future trend, with $70,000 support acting as a key level.
MarketWhisper4h ago
