⭐️ XAU/USD : It's time for another Bullrun ? (READ THE CAPTION)

May 8, 2024

Hello dear Traders . In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an increase in demand that could drive the price to higher targets such as $2,315, $2,323, and $2,332.

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

May 8, 2024

Note

Upon reviewing the GOLD chart in the 2-hour timeframe, we observe that the price, after rising to $2320, faced a correction and is currently trading around $2310. The significant demand level remains at $2291 to $2303, and I anticipate that entering this zone could lead to an upward movement. I hope you make the most of this analysis, and thank you for your continuous support!