By checking the gold chart, we see that the price managed to stabilize below $1970 as I expected, and after that it was accompanied by selling pressure and was able to correct up to $1944, a total of more than 590 pips of yield! Yesterday, with the speeches and news that was going on in the market, the price was able to grow again up to $1965 to fill the liquidity void , and today, the price has started to correct itself again and the price is trading in the range of $1953! Also, the previous analysis is valid and if the price stabilizes below $1965, we will see a further drop in the price to lower levels such as $1933, $1920 and $1909! The range of $1909 to $0933 is one of the price demand ranges where we can expect a bounce back in this area!
Best Regards , Arman Shaban
Best Regards , Arman Shaban
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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
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : 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.