🔥 XAU/USD - BIG SUPPLY ZONE ? (READ the CAPTION)
Updated
As you can see, after last night's fall of gold up to $2020 due to the new liquidity vacuum, it was again accompanied by the demand to fill this FVG, and today it was finally able to enter the older FVG range of $2039 to $2046! As you know, this is an important supply range and I expect the price to react to this range! Today, there is important news in the market that can cause price movements with more fluctuations! Be more careful about your personal transactions this week!
THE MAIN TA :
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
THE MAIN TA :
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 active
Note
The analysis is still valid! We saw the drop from $2040 to $2031! Let's see what will happen to gold by the end of today!Trade closed: target reached
By examining the gold chart in the daily time frame, we can see that the price, based on our expectations, faced heavy selling pressure after entering the supply range of $2039 to $2046 and was able to correct by more than 190 pips to $2029. With the heavy fall that gold had, a new liquidity void was created and it created a range with high potential for a SELL position for us, which is between $2046 and $2048! To determine the next trend, it is better to wait until tomorrow and then I will send you my next idea! I hope today's analysis was useful for you! Thank you for your constant support!
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