⭐️ XAU/USD : Gold’s Crucial Levels Navigating the $2352 to $2385By checking the gold chart in the 1-hour time frame, we can see that the price started falling from the range of $2332 last day and corrected to $2312! (+200 Pips) After that, it faced buying pressure again and grew to $2352! There are a series of very important supply levels in front of the price that I want to specify for you!
First of all, the range of $2352 to $2361 and then the levels of $2366, $2375 and $2385! Monitor the price reaction to these very important levels, we can expect a negative reaction from the price almost upon reaching any level!
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Best Regards , Arman Shaban
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🔥 XAU/USD : $2047 will break ? (Read The Caption)By re-examining the gold chart, we can see that yesterday gold managed to fall to $2027, and after that, with its fluctuations in the range of $2023, it finally caught up with the demand And it was able to move to the next supply level that I specified ($1945 to $1948)! After entering this zone, the price faced selling pressure and is currently trading in the range of $2042! According to the trend that the price has taken, if the price penetrates and stabilizes above $2047, we may see the growth of gold to higher targets such as $2056 and $2071! This analysis will be updated with new scenarios!!
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Best Regards , Arman Shaban
RLinda ! USDJPY-> Breaking through channel resistance The USDJPY after reaching its multi-year high of 151.94 and against the background of weakening fundamentals has locally changed its trend. The Japanese Yen has strengthened, but now the price shows the reasons, which might weaken the Yen again.
On the chart I marked a price channel (bearish) and today there is a breakdown of the channel resistance and price consolidation above the 136.708 level (and above the previously broken channel boundary)
With the final fixation of the price above the line we may see growth. Short term target is resistance 139.38, medium term target is liquidity area 142.25
Regards to R. Linda!