Short

🔥 XAUUSD - Bull or Bear ? (READ THE CAPTION)

Updated

By checking the gold chart in the 12-hour time frame, we can see that the price is still correcting as we expected and the full explanation we gave on the last TA , and now if it can stabilize below the range of $1991, we will probably see a further correction of the price. If this drop continues, its short-term targets will be $1979 and $1969, respectively! The Bearish scenario will also fail when the price attacks the level of $2000 again and can be closed above $2010 in the 12-hour time frame, which is mentioned in the previous analysis! I hope this analysis is useful for you!

Best Regards , Arman Shaban

Note

By checking the gold chart in the 12H time frame, we can see that the price finally managed to move according to the first scenario and hit the first ($1979 ✅ ) and the second target ($1969) ✅ ! The efficiency of this analysis has been more than 450 pips and the price after falling to $1956 is currently trading in the range of $1963! We have to see if the price supports the $1953 range or not! Because if the price manages to stabilize above $1953 (even if the price penetrates to this level), we will probably see a growth up to the range of $1982 to $1986, and then we have to wait for the trigger for the next position! I hope you have made the most of this analysis and share it with your friends!

ArmanShabanTrading

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