🔥 #XAUUSD : First SHORT , Then LONG ? Let's See !

Updated

Well, well, well, let's go for the fascinating analysis of gold! As you can see, according to my expectation, on Friday, the price managed to hit the targets of $1982 and $1988, and the total yield of this analysis reached more than 600 pips! With the beginning of the week, there is a possibility of an initial price drop, and the first targets will be $1976 and $1969! For a bigger and main picture, we have to see if the price succeeds in breaking the resistance of $2009 in the coming week and stabilizes above it or not! In case of break and stabilization, the targets of $2020 and $2040 will not be far away! So pay attention to the conditions I said and the general conclusion of this analysis will be the initial correction and after that the possibility for growth to higher targets! I hope this analysis is useful for you and be sure to share it with your friends and support us so that I have the motivation to share more analyzes with you!

Best Regards , Arman Shaban

Note

By examining the gold chart in the 12-hour time frame, we can see that the price started to fall as expected at the beginning of the week and was able to hit targets and reach the range of $1965 , after that it started to grow again as expected. And it has been able to record the price of $1994 up to now! If gold can rise above this level again, we will probably see more price growth and its possible targets will be $2000, $2010, $2020 and $2040!

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