⭐️ XAU/USD : First LONG, Then a huge SHORT (READ THE CAPTION)

Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price closes below $2344, we can expect further declines in gold next week. The $2344 mark is significant as it was last week’s opening price. This analysis will be updated, and we will discuss it further. Finally, I must mention that if we have a bearish candle next week as well, we could anticipate a medium-term decline in gold to $2225.

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Best Regards , Arman Shaban

Komen:

Hey Guys , Predict in the comment section what you think the closing price of gold will be by the end of tonight!

Komen:

As you can see GOLD is falling in the lower time frame (1hour) ! will it fall more ? let's see !

Komen:

Result so far : +230 Pips ✅ More Fall Ahead ? keep an eye on $2337 (Supply Zone)