🌐 XAUUSD : Which one ? $1935 or $2100 ?
Updated
Based on the weekly analysis of gold, we can see that the price could not close above 2016$ and this raises the possibility of further correction of the price this week. Pay attention that to reach 2100$ the most important condition is to stabilize the weekly candle above 2016$! In the coming week, we have to wait for the trend to be determined! Pay special attention to the analyzes that are done daily in the 4-hour time frame and use the 4-hour analyzes or less for your daily trades !
Best Regards , Arman Shaban
4H Time Frame TA :
Best Regards , Arman Shaban
Best Regards , Arman Shaban
4H Time Frame TA :
Best Regards , Arman Shaban
Note
New Update in 4H Time Frame : By checking the gold chart, we see that the price moved again to the target level ($2022) and from there it faced a heavy fall and managed to hit the final target ($2001)! The efficiency of this analysis was more than 200 pips! For the price to fall more, the important condition is to break $2000, and for the price to grow, the important condition is to break $2022! I hope you have made the most of this analysis! In case of Breaking 2000$ there's a possibility that we see 1935$ Soon !
Note
1966 Reached So far : +500 pips 😍✅ new Update : Well, as you can see, based on the latest updates posted in Trading View, we saw that the price started to fall according to the first scenario, and with more than 370 pips profit , today it hit the important target of $1970, And it opened the way for correction to lower levels (such as $1965), wait for the price reaction to this level! The next important demand level will be in the range of $1949 to $1965! I hope you have made the most of this analysis!
Note
Based on the weekly analysis of gold, we can see that the price is falling and moving towards $1935 according to the latest analysis, the lowest price recorded was yesterday, which was corrected to $1937, be sure to follow the weekly analysis, because it will give you the overall view of The market ! If the price penetrates below $1935 and stabilizes, we may see targets below $1900! Pay attention that the price reaches $1935 and enters its important weekly FVG and can create demand, watch out for fluctuations!
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