By analyzing the gold chart on the one-hour timeframe, we can see that the price, based on the previous analysis, managed to rise by nearly 200 pips but then started to decline from the $2894 zone. Today, we witnessed a price correction down to $2859.
This week, gold has experienced a 3.5% correction from its all-time high, with a decline of over 1000 pips. Currently, gold is trading around $2860.
The attractive SELL zones are $2894, $2900, and $2906.
The attractive BUY zones are $2820, $2833, and $2845.
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This week, gold has experienced a 3.5% correction from its all-time high, with a decline of over 1000 pips. Currently, gold is trading around $2860.
The attractive SELL zones are $2894, $2900, and $2906.
The attractive BUY zones are $2820, $2833, and $2845.
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 active
By analyzing the gold chart on the two-hour timeframe, we can see that the price, as initially expected, made a corrective move below $2833 to collect liquidity. After absorbing the liquidity from this significant liquidity pool, it faced strong buying pressure and managed to rise to $2877. Currently, gold is trading around $2872, and its next likely target is the liquidity above $2877. The previous analysis remains valid, along with all its assumptions.
Trade closed: target reached
By analyzing the gold chart on the two-hour timeframe, we can see that the price successfully started its upward movement yesterday as expected, reaching the $2877 target. However, it didn't stop there and managed to extend its rally up to $2921. Currently, gold is trading around $2920, and there are two significant resistance levels that could limit further upward movement: $2920 and $2930. This analysis will be updated accordingly.
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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.
Join me for more Free Signals and New Analyzes In the Public Channel :
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : 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.