🔥 XAU/USD - First Long , Then SHORT ? (READ THE CAPTION)
Updated
By checking the gold chart in the daily time frame, we can see that the price is moving according to the second scenario and we have to see which trend the price will take when the New York market opens! If the price stabilizes above $2032, we will probably see the growth of gold up to $2045 as the first target and $2049 and $2053 as the next targets! Watch the range of $2045 to $2055 for a corrective swing of at least 200 pips!
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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 active
By examining the Gold chart in the 4-hour and daily time frame, we can see that the price penetrated above the level of $2032 with the announcement of the news to collect more liquidity, and with the growth up to $2039, it was accompanied by a fall again and returned below $2032 and even up to $2023! The range of $2020 to $2025 has now become a demand zone and it will not be possible to continue the downward trend until gold closes below $2020! Still, the price of $2032 is a key level for us! This analysis will be updated soon!Trade closed: target reached
CLOSE HALF OF THE POSITION ! By checking the gold chart, we can see that after entering the range of 2028$ to 2032$, the price is accompanied by a price drop, and it is currently trading in the range of 2025$ ! Probably this fall will continue and its possible targets will be $2024, $2020, $2017 and $2014 respectively!
Note
By checking the gold chart in the daily time frame, we see that the price started to fall earlier than we expected and is still being corrected! If this drop continues, its next target will be $2001 and after that we will probably see gold drop to $1997 to fill its previous FVG! The attractive demand range is between $1974 and $1997! Friends, please note that there is still a liquidity VOID between $2039 and $2046, which will probably be filled in the medium term! I have drawn the scenarios I want on the chart for you! I will update the chart step by step with every move so that you can make better decisions! I hope it was useful for you!
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