Short

XAU/USD : Let's go for SHORT! (READ THE CAPTION)

Updated

By analyzing the gold chart on the 30-minute timeframe, we can see that today the price faced a correction after reaching the key supply level at $2663 and is currently trading around $2654. Keep in mind that the shadow of war still looms over the market, so it's best to minimize your trading risk. At the moment, I expect further declines in gold to lower levels. The downside targets are $2647, $2644, and $2640, respectively.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Trade active

~ $2647 Reached ✅

(Close 30% of your Position)

Note

~ $2644 Reached ✅

Trade closed: target reached

By analyzing the gold chart on the 30-minute timeframe, we can see that yesterday, as expected, gold started to decline and hit the targets at $2647, $2644, and $2641, giving us a return of about 120 pips! Currently, gold is trading around the $2646 level, and I still expect further declines. However, before this drop, we might see gold rise to $2654 to fill the existing liquidity gap. Keep an eye on the price reaction at the $2649, $2654, and $2657.5 levels!

ArmanShabanTrading

📣 Join My FREE Channel on TG for more TA 👉🏼 t.me/PriceAction_ICT

⚜️ My Contact : t.me/ArmanShabanTrading

📈 The Best Crypto Exchange : promote.ourbit.com/a/ArmanShaban

Also on:

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.