🔥 XAU/USD - Bull or Bear ? (READ THE CAPTION FOR MORE INFO)
Updated
By examining the gold chart in the 4-hour time frame, we can see that after the price was able to grow to $2062 according to the previous analysis, it was corrected again and fell to $2041! Finally, the weekly candle closed at $2049, which was higher than last week's close but lower than last week's open! Pay attention that in the higher time frame (weekly), the most important resistance for gold is the range of $2052 to $2088, and if the price continues to trade below this level, it is more likely to fall, But if the price penetrates above $2088 and closes, we may see the growth of gold up to $2149 again! At the moment, we do not prejudge the market and I follow the chart step by step and share my ideas with you every day so that you can make your personal decisions for gold trading based on them!
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
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
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Another Fall Ahead ? sell Below $2058 !Trade closed: target reached
As you can see, yesterday the price re-entered the Rejection Block with an initial growth from the range of $2050 to $2056, which I talked about with you, and after this price growth, it was again accompanied by selling pressure, And this time, it could not maintain itself above the support of $2045 and in an attractive way to fill the liquidity void (LV) in the purple range that I had specified, it started to fall heavily and is currently trading in the range of $2038! The first demand zone is in the range of $2029 to $2035! If the price falls again after the initial reaction to this level, we will probably see a fall again to levels below 2016$! This analysis will be updated!
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