🔥 XAU/USD - I Expect a Fall to $2029 ! But ... ! (READ CAPTION)
Updated
By checking the gold chart, we can see that the price, based on my expectation, was corrected when the price entered the range of $2038 to $2044 and fall from $2041 to $2035! I think that after an initial short growth, the price will fall to $2029 as the first target! To determine the next trend, we have to wait for the opening of the London market and monitor the price movements! This analysis will be updated, keep in touch!
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Best Regards , Arman Shaban
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade closed: target reached
By checking the gold chart, we see that according to my expectation, gold fell to our first target, which was $2029! The important point to continue the bearish move is penetration and stabilization of the price below 2029$! If it falls further, its next target is $2023! This analysis will be updated, keep in touch!Note
As you can see, according to my expectations, gold continued to fall and fell until $2027 and is now trading in the range of $2029! I hope you have used the most of it!Note
By checking the gold chart in the 4-hour time frame, we see that last night's price was able to fall even to $2025 and bring us more than 150 pips of profit! After that, the price was again accompanied by demand and is currently trading in the range of $2035! If today the news of CB Consumer Confidence is announced more than expected rate, we will witness the fall of gold, and if it is announced lower than the predicted rate, we will witness the growth of gold! This analysis will be updated!
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