Short

⭐️ XAU/USD : First LONG, Then a huge SHORT (READ THE CAPTION)

Updated

Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price closes below $2344, we can expect further declines in gold next week. The $2344 mark is significant as it was last week’s opening price. This analysis will be updated, and we will discuss it further. Finally, I must mention that if we have a bearish candle next week as well, we could anticipate a medium-term decline in gold to $2225.

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Best Regards , Arman Shaban

Note

Hey Guys , Predict in the comment section what you think the closing price of gold will be by the end of tonight!

Note

As you can see is falling in the lower time frame (1hour) ! will it fall more ? let's see !

Note

Result so far : +230 Pips ✅ More Fall Ahead ? keep an eye on $2337 (Supply Zone)

ArmanShabanTrading

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