XAU/USD : Get Ready for more correction before the next bullrun!
Analyzing the gold chart on the 4-hour timeframe, we observe that in the last trading day of the previous week, before attempting to establish a new high, the price faced a correction from the $2786 level and has since declined, reaching as low as $2747. Currently, gold is trading around $2761, and if the price stabilizes below $2780, we can expect further corrections.
The potential targets for this decline are $2756, $2751, and $2747, respectively. This analysis will be updated soon!
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
The potential targets for this decline are $2756, $2751, and $2747, respectively. This analysis will be updated soon!
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 : $2756 reached
GOLD : $2751 almost reached
Trade closed: target reached
By analyzing the 4-hour gold chart, we observe that, as expected, the price continued its decline following our analysis, successfully hitting all three targets at $2756, $2751, and $2747. Ultimately, gold dropped to $2730, achieving a 280-pip return since yesterday! Currently, gold is trading around $2747, and I expect this upward movement to continue at least to $2752 to fill the liquidity gap caused by the decline. Keep an eye on price reactions at the levels of $2752, $2764, and $2772!
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📣 Join My FREE Channel on TG for more TA 👉🏼 t.me/PriceAction_ICT
⚜️Join our VIP Channel : t.me/ArmanShabanTrading
⚜️ My Contact : t.me/ArmanShabanTrading
⚜️Join our VIP Channel : t.me/ArmanShabanTrading
⚜️ My Contact : t.me/ArmanShabanTrading
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.