🔥 XAU/USD - Bull or Bear ? (READ THE CAPTION)
Updated
As you can see, the price is still trading in the previous neutral range and has not followed any particular trend! If it stabilizes below $2019, we will see a further drop to lower levels such as $2011 and $2013, and only if the resistance of $2019 is broken, we can expect growth to fill the liquidity void that we mentioned in the previous analysis. ! (The previous analysis must be read)
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Best Regards , Arman Shaban
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 closed: target reached
Well, well, as you can see, with the announcement of Advance GDP q/q and Unemployment Claims news, gold was accompanied by a heavy drop in the first move and hit the $2013 and $2011 targets, And after that, based on the previous analysis, it entered the important demand range of 2009$ to 2010$ and in less than 2 minutes, it has been able to grow more than 110 pips (to 2020$) ! That's why I always say to follow the chart step by step and don't look for long-term analysis, because you can't do daily trading with long-term analysis!
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