XAU/USD : Bull or Bear (READ THE CAPTION)
By analyzing the 4-hour gold chart, we see that, as expected, the price continued its upward movement following yesterday's analysis, hitting the $2752 and $2764 targets, delivering a 200-pip return. After reaching $2764, gold corrected from $2766 down to $2757, and it is currently trading around $2759. If the price stabilizes below this level, we could see further corrections.
⚠ Important Note: Today, we have the FOMC meeting and the U.S. interest rate decision, which could lead to high market volatility. I strongly recommend avoiding trading during these critical hours!
THE MAIN ANALYSIS :
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
⚠ Important Note: Today, we have the FOMC meeting and the U.S. interest rate decision, which could lead to high market volatility. I strongly recommend avoiding trading during these critical hours!
THE MAIN ANALYSIS :
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 analyzing the 6-hour gold chart, we can see that after yesterday's analysis, the price dropped exactly as expected, correcting down to $2745. Following this, gold regained momentum and has surged to $2779 so far. As mentioned in my analysis two days ago, the $2774 target was expected to be reached soon!
Given the current bullish momentum, I anticipate a strong upward move, potentially leading to a breakout above the all-time high of $2790 in the near future! 🚀 🔥
Note
By analyzing the 6-hour gold chart, we can see that, as expected from yesterday's analysis, gold continued its bullish momentum and broke the previous high of $2790, successfully marking a new all-time high at $2800! The total return from this analysis has exceeded 300 pips so far!
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📣 Join My FREE Channel on TG for more TA 👉🏼 t.me/PriceAction_ICT
⚜️Join our VIP Channel : t.me/ArmanShabanTrading
⚜️ My Contact : t.me/ArmanShabanTrading
⚜️Join our VIP Channel : t.me/ArmanShabanTrading
⚜️ My Contact : t.me/ArmanShabanTrading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.