Short

🔥 XAU/USD - Ready for Fall ? (READ THE CAPTION)

Updated

By re-examining the gold chart in the 4-hour time frame, we see that the price entered the demand range of $2029 to $2035 based on the initial expectation, and after reaching this zone, it was able to grow to about $2042, and after this initial positive reaction, it continued As we expected, gold fell more and managed to correct up to $2018! The range of $2016 to $2019 was an important Demand Zone , that's why it reacted to this level! Now the most important condition for the continuation of this downward trend is to stabilize the price below $2032! If this happens, I expect it to fall below the levels of 2014$, whose possible targets will be 2007$, 2000$ and 1997$, respectively! An important point that should be noted is that gold has created a liquidity Void with its fall from $2055 to this moment, which is likely to be filled in the short term, And one of the important conditions for this to happen is the stabilization of the price above $2032! I hope this analysis is useful for you!

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 closed: target reached

$2014 Target reached ✅Cheers ✅

Trade closed: target reached

$2007 Target reached Now ✅

Note

The last Update : By checking the gold chart in the 4-hour time frame, we see that as we expected, the price started to fall from the range of $2030 and was able to hit the $2014 and $2007 targets with a heavy fall and even saw the price of $2001! After the price approached $2000, gold met with the important psychological support of this range, and because of this, it was able to grow until $2017! The important supply ranges are 2017.5$, 2023$ and 2032$ respectively! Other assumptions of the previous analysis are still valid!

ArmanShabanTrading

📣 Join My FREE Channel on TG for more TA 👉🏼 t.me/PriceAction_ICT

📈 The Best Crypto Exchange : promote.ourbit.com/a/ArmanShaban

⚜️ My Contact : t.me/ArmanShabanTrading

Also on:

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.