XAU/USD : Key Levels $2717 and $2727 to Define Next Move! (READ)

17 Jan

Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717.

If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction.

Stay tuned for updates once the confirmations are in place!

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Best Regards , Arman Shaban

20 Jan

Dagangan ditutup: sasaran tercapai

By analyzing the 4-hour gold chart, we observe that after reaching $2717, the price was rejected as expected, followed by a 280-pips correction down to $2689, hitting our identified target. Currently, gold is trading around $2707. If it stabilizes below $2710, we could anticipate further declines. Otherwise, gold might rise toward $2714, $2717, and $2722. Monitor the price reaction to these specified levels closely!