XAU/USD : 1000 Pips Down from ATH, What's Next? (READ CAPTION)

3 hari lalu

By analyzing the gold chart on the one-hour timeframe, we can see that the price, based on the previous analysis, managed to rise by nearly 200 pips but then started to decline from the $2894 zone. Today, we witnessed a price correction down to $2859.

This week, gold has experienced a 3.5% correction from its all-time high, with a decline of over 1000 pips. Currently, gold is trading around $2860.

The attractive SELL zones are $2894, $2900, and $2906.
The attractive BUY zones are $2820, $2833, and $2845.

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Best Regards , Arman Shaban

8 jam lalu

Dagangan aktif

By analyzing the gold chart on the two-hour timeframe, we can see that the price, as initially expected, made a corrective move below $2833 to collect liquidity. After absorbing the liquidity from this significant liquidity pool, it faced strong buying pressure and managed to rise to $2877.

Currently, gold is trading around $2872, and its next likely target is the liquidity above $2877. The previous analysis remains valid, along with all its assumptions.