GOLD Weekly TA : 07.11.22 (Update)
From last night's analysis until this moment, the price has dropped more than 60 pips and is currently trading in the range of $1736! The next analysis will be in the daily time frame!
Last night's analysis : As you can see, by analysing the weekly chart of GOLD , we see that the price is entering an old support range, in the past week we did not see an appealing sign of the price's return, So, in this week, we can expect further correction of the price if the resistance of $1752 is not broken, in general, to determine the trend, we must monitor the behavior of the price (Price Actions) this week!
If there is a positive reaction and price return, we should see a candlestick like the 2 candles marked on the chart, otherwise we will go for lower targets like $1635 and even $1570 ! So maintaining the current support is very important!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 07.11.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Last night's analysis : As you can see, by analysing the weekly chart of GOLD , we see that the price is entering an old support range, in the past week we did not see an appealing sign of the price's return, So, in this week, we can expect further correction of the price if the resistance of $1752 is not broken, in general, to determine the trend, we must monitor the behavior of the price (Price Actions) this week!
If there is a positive reaction and price return, we should see a candlestick like the 2 candles marked on the chart, otherwise we will go for lower targets like $1635 and even $1570 ! So maintaining the current support is very important!
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 07.11.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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