XAU/USD: Another Fall Ahead ? (READ THE CAPTION)

By analyzing the 2-hour timeframe for gold, we see that the price remains range-bound with no clear directional trend. Currently, gold is trading around the $2900 level, and if it fails to break above $2913 again, we can expect a downward correction. Potential targets for this correction are $2870, $2861, and $2853. Keep an eye on price reactions at each of these key levels, as all three could present opportunities for buy positions!

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 active

Gold Analysis Update - 2H Timeframe

Gold experienced a 200-pip drop to $2880 yesterday before rebounding back to $2913. As mentioned in the previous analysis, the breakout or rejection of $2913 remains a key decision point for the next trend direction. This explains the current price consolidation in this range.

🔹 Key Levels to Watch:

📉 Support Zones: $2870, $2861, $2853
📈 Resistance Zones: $2921, $2931, $2937

The reaction at $2913 will be crucial—watch closely for confirmation of a breakout or rejection. Other assumptions from the previous analysis remain valid. Stay alert!

Trade closed: target reached

Gold's 2-hour chart shows that after fluctuating between $2910 and $2925, the price finally started declining following the CPI data release and is currently trading around $2911. Liquidity has been accumulating in this range for a few days, and the next move is expected to be significant.

Key supply levels: $2921, $2931, and $2937.
Key demand levels: $2870, $2861, and $2853.

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:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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: