By re-examining GOLD in the 4-hour time frame, we can see that After breaking through to the important level of 1903.5 and collecting liquidity above it, the price was accompanied by correction, and then it attacked above this level again with the pressure of demand, And the price was able to break the resistances of $1907, $1912 and $1921 with strong growth! Now the price is trading in the range of $1917 and the important demand levels are $1909 and $1899 and the important supply levels are $1923, $1930 and $1936 respectively! Keep an eye on these levels!
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Best Regards , Arman Shaban
Don't Forghet To Push The Boost (Like) Button and Follow Me for more !
Best Regards , Arman Shaban
Trade active
Note
Gold Will fall to 1909$ as the first target !Trade closed: target reached
Exactly as I expected, the price entered the supple ranges that i mentioned and began to fall strongly and hit the $1909 target! ✅ Cheers ✅Note
Well, as you can see, with the temporary stabilization of gold above 1917$, gold managed to grow again to 1926$ today, and after that, it has corrected again! We have to see if the price can move towards the targets above $1930 with today's NEWS or if we have to see a drop below $1904! This analysis will be updated!Trade closed: target reached
1930$ Finally Reached ✅Note
NEW Update : By re-examining gold in the 4-hour time frame, we can see that according to previous analyzes, as we expected, the price made its upward movement and was able to hit the $1930 and $1932 targets! Today, we will have the important news of ADP Non-Farm Employment Change and Prelim GDP q/q, which will have a high impact on the market and we will see heavy fluctuations! Due to this, the possibility of stop hunt movements to collect liquidity will be high! The important Supply ranges will be $1936 to $1938.5, $1942 to $1947, $1954 and $1963 respectively! The important Demand ranges are $1924.5, $1917.5 and $1904 respectively!Note
If Note
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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.