Short

🔴 #XAUUSD : Gold will fall ? (READ THE CAPTION)

Updated

By examining gold in the 4-hour time frame, we see that the price is still trading in the range of $1932! I have specified 2 scenarios on the chart, in both cases I expect gold to fall more, but due to the extreme fluctuations that will caused by the announcement of NFP changes, moves may be made to collect liquidity, so be careful! The ranges and important supply zone are $1934, $1939 to $1943, and $1947 to $1956, respectively!
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Best Regards , Arman Shaban

Trade closed: target reached

Target REACHED , Ready for the NEW update ? SEE the lastest TA !

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!

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 !

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