🔥 XAU/USD - One Target hit, What's Next ? (READ THE CAPTION)
Upon a detailed examination of the gold price charts over the 4-hour and weekly time frames, it becomes evident that the market behavior aligned with our initial projections. As the trading week commenced, we observed a decline in gold prices, precisely as anticipated. This downtrend was significant enough to reach our projected target of $2149. Interestingly, the prices underwent a minor correction, dipping slightly to $2146.
Following this correction, the market dynamics shifted when the prices broke below this critical threshold. This breach likely triggered a collection of liquidity, which in turn catalyzed a rebound in prices, resulting in an upward movement. Given these developments and the current market trends, it is reasonable to infer that we may witness a continued decline in gold prices in the near future.
This analysis provides a comprehensive view of the recent fluctuations in gold prices and offers insights into potential future movements. Always remember, the predictions are based on historical data and market trends, and actual future market behavior can vary due to a multitude of factors.
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
Following this correction, the market dynamics shifted when the prices broke below this critical threshold. This breach likely triggered a collection of liquidity, which in turn catalyzed a rebound in prices, resulting in an upward movement. Given these developments and the current market trends, it is reasonable to infer that we may witness a continued decline in gold prices in the near future.
This analysis provides a comprehensive view of the recent fluctuations in gold prices and offers insights into potential future movements. Always remember, the predictions are based on historical data and market trends, and actual future market behavior can vary due to a multitude of factors.
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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