✏️ GOLD : What's the next week's trend?
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By re-examining gold, we can see that the price fell by about 40 pips before the news, and with the announcement of the NFP and the fall of DXY, gold was accompanied by growth and was able to increase by about 150 pips to $1934.9 ! As you can see, the range of $1933 to $1939 is one of the most important supply ranges of the past 3 weeks, which has prevented further price growth! Now we have to see if in the next week the price can finally end this downward trend and penetrate to levels above $1950 or not! The more important point is that today's price could not reach the ceiling of $1935, and this can lead to a price correction! In order to determine the next week's trend, we must wait for a break or stabilization below $1935 ! This zone will determine the next week's trend !
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Best Regards , Arman Shaban
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