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XAU/USD: It's time for Fall? (READ THE CAPTION)

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By analyzing the gold chart on the 2-hour timeframe, we can see that after our last analysis, the price continued to rise as expected and reached $3344. As I anticipated last week, the gap between $3311 and $3322 has finally been filled! This analysis has delivered a return of over 1090 pips so far. After hitting the $3340 zone, the price faced strong selling pressure and is currently trading around $3294. If gold manages to hold below $3284, we could expect further downside. This analysis will be updated!

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
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By examining the gold chart on the 2-hour timeframe, we can see that after the last analysis, the price dropped to $3278 but failed to stabilize below $3284. Following the decline, demand returned and the price has since risen to $3360. I expect gold to continue its rise toward $3394 soon, provided it holds above $3313.

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