Short

XAU/USD : Be Ready for Another Correction! (READ THE CAPTION)

Updated

By analyzing the gold chart on the 30-minute timeframe, we can see that yesterday, as expected, the price finally dropped to $2624. After reaching this key demand level, it experienced a bullish move and has risen over 250 pips to $2650 so far. The $2651 to $2656 range is a key supply zone, and I expect a price correction once it reaches this area. Keep an eye on the price reaction at this level! (This analysis will be updated)

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Best Regards , Arman Shaban

Trade closed manually

🚨 Breaking News! 🚨

#Gold has just experienced a sudden and sharp surge, skyrocketing by 150 pips in less than 5 minutes, reaching $2668! 📈 This unexpected spike is likely attributed to reports of Israeli airstrikes on Hezbollah targets in Lebanon, escalating regional tensions and driving demand for safe-haven assets like gold. Keep a close watch on the developments, as further geopolitical instability could continue to impact the markets.

⚠️ Stay Cautious, Traders! ⚠️

Be extra careful with your trades right now, whether you’re in a BUY or SELL position! The market is filled with uncertainty and the risk of war, which means it could easily invalidate any scenario or analysis. Make sure to manage your risk carefully for each position and consider all possible outcomes before entering or adjusting your trades. Trade safe! 🔍📉📈

ArmanShabanTrading

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