XAU/USD : More Bullish Move Ahead ? (READ THE CAPTION)
Updated
By reviewing the #gold chart on the 2-hour timeframe, we can see that, as expected, the price sharply corrected to fill the FVG that had formed between $2506 and $2520. After entering the demand zone at $2506, gold experienced a strong upward movement, pushing back up to $2520! This analysis resulted in a gain of over 380 pips. Currently, gold is trading around $2505, and if it can stabilize above $2495, we can anticipate further growth. Otherwise, we may see a decline in gold prices to levels below $2490.
The Main Analysis :
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Best Regards , Arman Shaban
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
The Main Analysis :
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
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
Comment
What do you think the gold price will be by the end of the week? Drop your predictions in the comments below ! Trade active
By reviewing the gold chart on the 2-hour timeframe, we can see that after our previous analysis, the price rose by about 50 pips and then faced selling pressure again upon reaching the $2510 zone. Following this, the price lost support at $2494 and dropped to $2471. Currently, gold is trading around $2484, and given the recent decline, a new liquidity gap has formed. I expect this Fair Value Gap (FVG) between $2486 and $2495 to be filled in the short term. Therefore, I anticipate a price increase to the specified zone, and once the price enters the $2494 to $2502 range, we can look for triggers to enter a SELL position.
Trade closed: target reached
As we anticipated, the Fair Value Gap (FVG) identified in our previous analysis was almost entirely filled. Following this development, the market showed significant bullish momentum starting last night. This upward movement has resulted in a substantial gain of around 100 pips, with the price now reaching $2494. This move aligns well with our forecast, and I trust you were able to capitalize on this opportunity. Keep an eye on the price action as we continue to monitor for any new setups. (close the half of the position)
Cheers
Trade active
New Position : SHORT
By reviewing the #Gold chart on the 2-hour timeframe, we can see that, as expected, after last night's analysis, the price experienced a strong upward movement, rising from $2484 to $2502, fully filling the FVG that was mentioned. Currently, gold is trading around the $2500 level. If the price manages to close below $2495, we might see a further decline in gold.
Best Regards , Arman Shaban
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