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✏️ $GOLD : Important Weekly TA (READ THE CAPTION)

Updated

By examining gold in the weekly time frame, we can see that the price after falling to $1893 was again accompaind with growth and was able to grow up to $1988! Pay attention that the range of $1977 to $2016 is a very important supply range! For this reason, in the last 3 weeks, the price is showing a negative reaction to this level! It is very important to determine the long-term trend of breaking or stabilizing above $1946! As long as the weekly candle closes above $1946, we can expect price growth! Otherwise, and the break of $1946 and stabilization of the price below it, we can expect a drop to $1934 as the first weekly bearish target! This analysis will be updated again!
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Note

As you can see, according to the previous analysis, all the announced targets were hit and the price is currently trading in the range of $1935! If the price stabilizes above this level, we will probably see an upward movement to fill the liquidity gap (FVG) in the range of $1939 to $1944! Otherwise, the next falling targets are $1928, $1920, and $1913, respectively!! Total Result : +380 Pips ✅

Note

Ready for the NEW Update ? See the latest TA !

Note

First Target Reached and By examining gold in the weekly time frame, we see that based on the latest analysis, we expected that if the weekly candle stabilizes below $1946, the first weekly target will be $1934, which was hit and we saw lower prices! Now, as long as the price is trading below $1946, we will expect a further drop in the price in the medium term! The next mid-term BEARISH target will be $1893! After that, this analysis will be updated!

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