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

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

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.

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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

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ArmanShabanTrading

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

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