ArmanShabanTrading |🔴 XAU/USD : Bull or Bear ?

By examining the gold chart in the 1-hour time frame, we have reached 3 important scenarios, each of which is specified based on the percentage of realization on the chart, pay special attention to the important levels of supply and demand and liquidity pools !

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👤 Arman Shaban : @ArmanShabanTrading
📅 04.03.2023
⚠️(DYOR)

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Comment:

+50 Pips So Far ✅

Trade closed: target reached:

As you can see, yesterday the price was corrected by 50 pips to 1972, but it did not reach the final target and the total yield of this scenario was 50 pips, after that it was able to grow up to $1990 and according to the third scenario by collecting Liquidity above 1987$ was accompanied by a drop and corrected down to 1976$, the yield of the third scenario was more than 130 pips! Today, the price is in the demand range ($1975 to $1980) and can move to higher levels!