🔥 XAU/USD - Ready for LONG ? (READ THE CAPTION)
Updated
By re-examining the gold chart in the weekly and 1-hour time frame, we see that after the price growth up to $2200, the price faced selling pressure after collecting liquidity above the previous high and was able to fall even to $2162! Pay attention that yesterday I specified 3 important levels for you ($2173, $2168, $2162), which after the price reached the first two levels, gold managed to grow by more than 180 pips up to $2186! After that, the price fell to the third level of $2162 and rose again with 75 pips to $2170! Now the price is trading in the range of $2166! The possibility of price growth to higher levels is high, and the possible targets of this growth are $2173, $2180, $2196, and $2203, respectively! The new demand ranges are $2157 to $2160, $2150 to $2155, and $2146 to $2146 respectively!
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
Trade closed: target reached
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