✏️ $GOLD : When the Bearish Trend will be Over ? (CAPTION)
Updated
By examining gold in the 4-hour time frame, we can see that after being rejected from the 1903 range, the price was able to fall strongly to $1885, and today it faced re-buying pressure and grew to $1895! Pay attention that currently the range of $1893.6 to $1901 is one of the important supply zones. Only in the case of Break and Consolidation of the price above 1903.6 can we expect the price to rise to higher levels, otherwise the assumptions of the previous analysis will still valid and our view will be Bearish ! As you can see , there's Lower Highs and Lower Lows and Banks were holding the price down and down and down ... ! as long as the price are making Lower highs and lower Lows the trend will be bearish , but if you see the first higher high You can doubt the continuation of the trend !
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Best Regards , Arman Shaban
The Last TA with Updates :
The Main TA :
Don't Forghet To Push The Boost (Like) Button and Follow Me for more !
Best Regards , Arman Shaban
Note
Ready for Sell in the zone of 1901$ to 1903$ ?Trade closed: target reached
By examining gold, we can see that the price fell from the level we determined on Friday by more than 120 pips to $1884, And again with increasing buying pressure, it had grow to $1895! Currently, the price has shown a negative reaction after reaching this level, and if the price stabilizes below $1899, I expect to see a further drop of gold ! Note that if the price penetrates above $1900 and stabilizes above $1903.5, our view may change from bearish to short-term bullish ! So follow the analysis and updates!
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