Short

✏️ $GOLD : Ready for Fall ? (READ THE CAPTION)

Updated

By examining gold in the 4-hour time frame, we see that the price fluctuated after reaching the desired demand range and even managed to grow up to $1930! Currently, the range of $1929 to $1935 is one of the important supply ranges and the price will have a downward trend as long as it trades below this level! If the price breaks and stabilizes below $1915, we can expect another drop to the levels below $1900!
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Trade active

Note

As you can see, the price is still falling and trading in the range of $1919 and we have to see if the price can stabilize below $1915 today or not! This analysis will be updated!

Trade closed: target reached

As you can see, the price has finally started its heavy fall and has been able to fall to $1909! Pay attention that the price has entered a demand range and we have to wait for the postive reaction to this level!

Note

NEW Update : By re-examining gold in the 4-hour time frame, we see that the price, yesterday after the last analysis that we posted and the demand range that the price had entered, As we expected, the price had a positive reaction to this level and the price managed to grow from $1908 to $1915 yesterday! Today, with the announcement of the CPI statistics, the price of gold first faced a drop in order to collect liquidity and complete purchase orders, and by correcting to $1906, it was able to come back with the buying pressure and up to this moment, it was able to grow up to $1914. If the price can stabilize above this demand level , we can expect the price to grow up to $1918.5 as the first target! Previous analyzes are still valid!

✏️ $GOLD : The Price will See $1919 Again ? (READ THE CAPTION)

Note

1900$ Reached

Note

NEW Forecast of : As you can see, yesterday the price managed to fall again to $1900, and after facing the psychological support of this range, it faced demand pressure again, and this time it went to fill the FVG that we mentioned in the previous analysis. This is exactly what happened, and after the price increased to $1919, it was accompanied by a price correction! If the price stabilizes below the range of $1919 to $1923, we will probably see a further drop in the price!

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