XAU/USD : Key Levels $2717 and $2727 to Define Next Move! (READ)
Updated
Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717.
If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction.
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction.
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade closed: target reached
By analyzing the 4-hour gold chart, we observe that after reaching $2717, the price was rejected as expected, followed by a 280-pips correction down to $2689, hitting our identified target. Currently, gold is trading around $2707. If it stabilizes below $2710, we could anticipate further declines. Otherwise, gold might rise toward $2714, $2717, and $2722. Monitor the price reaction to these specified levels closely!
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