XAU/USD : Get Ready for another Bullish Move !(READ THE CAPTION)

4 Ogo

By analyzing the #Gold chart on the 4-hour time frame, we observe that on Friday, the price managed to surge to $2478, hitting our target levels, and then entered the marked supply zone (Bearish Rejection Block). This was followed by a heavy correction from $2478 to $2410, a drop of more than 680 pips in 4 hours! With this decline, a new Fair Value Gap (FVG) has formed, which is likely to be filled soon. The potential targets for this are $2450 and $2456. Currently, the price of gold is at $2442.495. After the FVG is filled, we need to watch the price reaction to this level. Considering the ongoing high risk of war, gold might ignore other economic data and, in the event of war, could potentially rise to $2500.

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

5 Ogo

Dagangan ditutup: sasaran tercapai

By analyzing the #Gold chart on the 4-hour time frame, we observe that, as per our previous analysis, gold successfully filled the targeted FVG and hit the targets of $2450 and $2456. Immediately after reaching these targets, it experienced a heavy drop and is currently trading around $2388, having corrected over 700 pips. The return on this analysis has been over 900 pips since last night! We need to see if the price can stabilize below $2400 again. Today's market is highly volatile across all sectors, so be careful with your trades! I hope this analysis has been helpful to you (this analysis will be updated). Watch the initial price reaction to the zones $2385-$2392, $2365-$2374, and $2347-$2353 closely!

5 Ogo

Nota

By analyzing the #Gold chart on the 4-hour time frame, we observe that the price continued its decline and entered the demand zone at $2365. Following this, there was a strong demand surge, and moments ago, the price even rose to $2395. Considering the heavy decline, a significant liquidity gap (FVG) has formed, which I expect to be filled by a price increase in the short term.

6 Ogo

Nota

By analyzing the #Gold chart in the 2-hour timeframe, we can see that the price has continued its upward movement as we expected, reaching as high as $2418! Currently, gold is trading around the $2414 area, and we need to see if the price can be rejected from this important zone or not. If the price is rejected from this level, the targets will be $2408, $2402, and $2395, respectively.

6 Ogo

Nota

$2408 Target Reached ✅
$2402 Target Reached ✅
$2395 Target Reached ✅

6 Ogo

Nota

By analyzing the #Gold chart, we can see that the price, as expected, started to decline from the $2414 area and, with a 350-pip return, managed to correct down to $2381, hitting all three of our specified targets! Currently, gold is trading around the $2394 area, and after a short upward movement, I expect further declines in gold (remember to consider the risk of war and its impact on the price of gold).