As you can see, the price is still trading in the supply zone of $2025 to $2045 and we haven't seen a strong price rejection yet! But the main analysis is still valid and based on the first scenario, I expect that if the price penetrates below 2016$ and stabilizes, we will see a further fall from gold, and the possible targets of this fall will be 2008$ and 1997$, respectively! The second scenario occurs when the price penetrates above $2045 and this time goes to fill the FVG in the range of $2045 to $2071!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban