Short

XAU/USD : More Fall or is it enough ?

Updated

Well, as you can see, yesterday, the price faced selling pressure with entering the supply zone that i mentioned ($1818 to $1824) and dropped from $1823 to $1813, a net return of about 100 pips. ! ✅ Now, to continue the downward trend, it is important that the price penetrates below $1812 and causes a break and consolidation below it, in this case, the next downward target will be $1797! If the price does not succeed in breaking this level, we can expect growth up to $1850 as an important bullish target!

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 12.22.2022
⚠️(DYOR)

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Trade closed: target reached

Note

Finally, the fall that we expected happened and the $1797 target was hit ! ✅ The net profit of this analysis has been more than 380 pips , and as you can see, after this drop, the price entered a demand zone that we mentioned in the previous analysis and reacted positively ! The price's LOW that recorded today is $1785! I hope you have made the most of this analysis!

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