Short

✏️ XAUUSD : Ready for Another BIG Fall ?

Updated

By examining gold in the 2-hour time frame, we can see that according to the latest price analysis, when it entered the range of $1919 to $1922, it faced selling pressure and with a drop of 120 pips, it was able to drop to $1909! After that, the price was again accompanied by the demand and has grown up to $1935. After reaching the bearish BB zone, the price has faced selling pressure and has been able to correct it again up to $1923! If it stabilizes below the range of 1935$ to 1939$, I will give the probability of falling more of the price!

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Best Regards , Arman Shaban

Trade closed: target reached

By examining gold in the 2-hour time frame, we can see that the price started to fall exactly as expected, and until this moment, it has been able to correct & fall by more than 200 pips to $1903! I hope you have made the most of this analysis! Be careful not to enter a sell position in the middle of the trend ( I mean now) , because currently the price is not in an attractive range for SELL and it increases the risk. If the price returns again, you can look for a trigger in the range of $1916 to $1925! The most important thing is to wait until the excitement caused by the news announced today is discharged !

Note

New Update in this TA 👇🏻 (Tap on the Picture to see the Caption)

✏️ XAUUSD : NFP's effect on Euro ! (READ THE CAPTION)

Trade closed manually

ArmanShabanTrading

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