XAU/USD: Bull or Bear? (READ THE CAPTION)

By analyzing the gold chart in the 1-hour timeframe, we can see that the price managed to register a new high at $3245, but after that, it was followed by a correction and created a change in market structure. I expect that if the price stabilizes below $3213, it will be accompanied by further decline.
The targets are respectively $3187, $3177, $3155, and $3138.

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Trade active

By analyzing the gold chart in the 1-hour timeframe, we can see that the price is still within the supply zone that was previously marked on the chart, and all assumptions from the previous analysis are still valid.
Currently, gold is trading around the $3218 range, and if the price manages to stabilize below $3222, we can expect further decline from gold.
The potential targets for this drop are respectively $3187, $3177, $3155, and $3138.

Trade closed: target reached

By analyzing the gold chart in the 1-hour timeframe, we can see that yesterday the price corrected from the $3221 to $3211 zone, resulting in about 100 pips of return.
What’s interesting to me is that one or two individuals consider this 100-pip return — which came right after the analysis — to be insignificant and claim that the analysis hit stop-loss!
First of all, I’ve never claimed that all of my analyses have a 100% success rate. But you only need to check the last 20 to 50 analyses out of over 2200, and you’ll see that the success rate of these analyses is above 88%, and sometimes even reaches 95%!
The only thing that happened in yesterday’s analysis was that the price didn’t manage to continue its drop and failed to break the $3187 low or lower, and instead we witnessed a continuation of the bullish trend and a new record at $3319.
Of course, I know that most of you always support me and have a deeper understanding of analysis and the market — and I’m always grateful for your amazing support.
I promise to continue strong and keep sharing the kind of analyses that some people just don’t want you to see — analyses that help you understand the market better and profit from it.
As long as I’m here, rest assured you’ll always get the highest quality analyses!

ArmanShabanTrading

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ArmanShabanTrading

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

Also on: