By analyzing the gold chart on the 2-hour timeframe, we can see that on Friday, after the price rose to $3248, it once again faced a correction and eventually closed at $3326. I expect that with the market opening, we’ll see further correction from gold, and the first potential target will likely be the $3213–$3216 area.
The key demand zones are $3253–$3274 and the $3313 level.
The key supply zones are $3355–$3369 and $3395–$3408.
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The key demand zones are $3253–$3274 and the $3313 level.
The key supply zones are $3355–$3369 and $3395–$3408.
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
By analyzing the gold chart on the 2-hour timeframe, we can see that after our pre-market analysis last night, the price opened with a large gap and started dropping just as expected, reaching as low as $3207. All the targets of that analysis — and even more — were hit, giving us a return of over 1200 pips!After reaching the $3207–$3213 demand zone, strong buying pressure kicked in and pushed the price up to $3249 so far. I expect the gap between $3311 and $3326 to be filled, possibly by the end of this week or even sooner. So the expected profit range from this analysis is at least 250 pips and up to 850 pips.
Hope you make the most out of this one just like last night’s!
Trade closed: target reached
By analyzing the gold chart on the 2-hour timeframe, we can see that after our last analysis, the price first made a pullback to the $3223 demand zone, and then resumed its bullish movement, rising by 260 pips and reaching the $3265 area, partially filling the FVG ahead. Gold is currently trading around $3248, and if it manages to hold above $3236, we can expect further upside movement toward higher levels. The bullish targets for this analysis are: $3266, $3282, $3311, and $3323 — This analysis will be updated.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me for more Free Signals and New Analyzes In the Public Channel :
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.