✏️ $GOLD : Looking for SELL ? (READ THE CAPTION)
Updated
Well, as you can see, yesterday finally the price managed to enter this liquidity pool and even attack the second one to collect liquidity, which means above the level of $1983! If the price rises again today to the range of $1982 to $1984, we can look for a suitable trigger for the SELL position! Considering that the negative correlation of gold and the dollar index has reached its lowest level in the past few days, it is better to pay more attention because you may fall into the trap of market makers!
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Best Regards , Arman Shaban
Note
price is reacted negatively to 1978$ and felt to 1974$ so far ! but i think the price we'll see 1982$ to 1984$ again !Note
By re-examining gold, we see that the price has experienced a drop of more than 200 pips since this morning by entering the next liquidity pool, that is above $1984 and collecting the necessary liquidity and it faced heavy selling pressure! So the entry point that I announced for the SELL position was one of the best points for triggering SELL! Now we have to see if the price will stabilize below $1969 to $1972 by tomorrow night or not ! If it stabilizes, I will give the possibility of a further drop of the price, and if not, we will have to wait for a target above $2000 soon ! This analysis will be updated!Trade closed: target reached
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GOLDNote
✅ Target REACHED ✅ (READ THE CAPTION FOR MORE)
Note
New Update : As you can see, the price was finally able to grow up to $1972 to fill its liquidity void , and after reaching its bearish order block, it fell again! Only if the price can rise above $1961 again, we can expect growth to higher levels, otherwise we have to wait for a heavier fall of gold! The possible targets of this drop are $1943, $1939 and $1933! Among the important levels of demand, we can mention $1934 to $1941! Note
By re-analyzing gold, we see that the price experienced a heavier fall according to the latest analysis and was able to grow up to $1941 and hit the first target! After that, the price was accompanied by an increase in the demand range that we specified, and it was able to grow up to $1949! I hope you have made the most of this analysis! Total Result : +240 Pips ✅Note
As you can see, according to the previous analysis, all the announced targets were hit and the price is currently trading in the range of $1935! If the price stabilizes above this level, we will probably see an upward movement to fill the liquidity gap (FVG) in the range of $1939 to $1944! Otherwise, the next falling targets are $1928, $1920, and $1913, respectively!! Total Result : +380 Pips ✅Trade closed: target reached
Note
By re-examining gold in the 4-hour time frame, we see that after ranging in the $1935 zone , the price faced supply pressure again and was able to correct up to $1924 and collect liquidity below this range! (Sellside Liquidity) ! With the Consolidation of the price below $1930, we may see lower targets, and in the mid term, targets below $1900 are not far from expected! This analysis will be updated!
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