🔴 #XAUUSD : Gold had fall ! What's Next ? (READ THE CAPTION)
Updated
Well, as you can see, according to our expectations, the price moved up to the desired supply levels, and exactly when it entered the range of $1947, it was accompanied by a drop, and in these 2 days, it managed to correct by more than 160 pips to the level of $1930. Today, the price has reached the range of $1930 and is being traded in the range of $1935. The possibility of the price moving up to the level of $1941 to $1943 is high , and after the price reaches this range, you can enter the SELL position again with the right trigger ! give me a ❤️ if you've used this TA !
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Best Regards , Arman Shaban
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!Note
Well, as I expected, with the consolidation of the price below $1930, gold faced a fall and more selling pressure and was able to correct up to $1914! Currently, the price is trading in the range of $1919 and we have to see what trend the price will take today with the announcement of the CPI statistics!Trade closed: target reached
By examining the gold chart, we can see that the price in yesterday, with the announcement of the CPI, first attacked the important resistance of $1930, and as mentioned in the previous analysis, this level stopped the further growth of the price,And gold faced selling pressure after reaching $1930 and was able to fall to $1911 today! Now the price is trading again in the range of $1919 and in a few minutes we will have the PPI news and this will increase the intensity of fluctuations in the market! The demand levels are $1906 to $1909 and $1893 to $1899 , and the supply levels are $1926 to $1931 and $1933 to $1938 respectively !Note
New Update : By reviewing the gold in the 4 -hour frame time, we see The price finally reached the bearish Target! The price came up with a demand pressure after reaching the demand zone that shown on the chart and has been able to grow up to $ 1916! But be careful that the price stabilization below $ 1919 to $ 1916 can make the price fall even more , And maybe this week we can see the Targets below $ 1900! Note that today we don't have specific news in the market!
Note
y examining gold in the 4-hour time frame, we can see that today's price finally managed to penetrate below $1900 and fall to $1897, and after that, the price faced heavy buying pressure again and managed to reach $1908 so far! Please note that my short-term view is still bearish and we have to wait for the price to stabilize! In order to continue the downward trend, stabilizing the price below $1911 is of great importance, and after that we can expect a drop to the liquidity pool below $1893! I hope you have used these analyzes in the best way!Note
As you can see, gold faced selling pressure after reaching $1911, and today it was able to fall again to $1899! After collecting liquidity in the 15 minutes time frame , the price faced buying pressure again, and up to this moment, it is trading in the range of $1905 with 50 pips of growth! Now, if the price stabilizes below the range of $1905 to $1907, we will probably see the price enter the $1800 channel again! The important supply levels are $1905 to $1907 and $1911 to $1913 respectively! Demand levels and possible targets for this fall will be $1896, $1893 and $1880 respectively!Note
The of $1896 and $1893 targets were hit! I hope you have used the most of it! Note
New Update : Tap to see the caption !
Trade closed: target reached
THIS TA is Closed with +950 Pips profit ! Let's Update the NEW 👇🏻
Trade closed: target reached
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