By examining gold in the 2H and 30min time frames, we can see that the price reached the important supply range of $1963 on Friday and was rejected from this zone again, but we have to see that the price can be above the range of $1950 to 1953 when the market opens or not! If the price stabilizes, it will move to $1959 as the first target, then we have to see if it will be strongly rejected from this range or if it will move to the liquidity pool above $1964 to collect liquidity! If this trend continues, the target after that will be the liquidity pool above $1973! The downward scenario will happen if the price stabilizes below $1950 and the first target of it is $1941 and the second target is $1936.5 ! This analysis will be updated tomorrow!
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Best Regards , Arman Shaban
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Best Regards , Arman Shaban
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Join me for more Free Signals and New Analyzes In the Public Channel :
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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.