Short

🔴 XAUUSD : NEW WEEK TA : 12.12.22

Updated

Well, as you can see, the price finally penetrated to its important bearish order block which was $1806 and was accompanied by the initial negative reaction and today it fell to $1785, but now the price is in the range of $1794 and With the right trigger, you can look for an attractive SELL position! The previous analysis targets are still valid! ($1766, $1740 and $1728, respectively)

Last week TA :

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 12.12.2022
⚠️(DYOR)

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Note

✅ 1789$ , +50 Pips so far ✅

Trade closed: target reached

✅ 1777$ , +160 Pips ✅

By checking the gold chart in the 12-hour time frame, we can see that from yesterday's analysis, which was done at $1794, until this moment, the price dropped more than 150 pips ✅ and reached $1777. Now the price is trading in the range of $1787 and it's am important supply zone , be careful that there is important news (CPI) in the market today and you should be careful about your personal trades! The previous analysis is still valid unless with the announcement of today's CPI statistics, gold will reach above $1811!

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