🔥 XAUUSD - What's NEXT ? $2020 or $1930 ? (READ THE CAPTION)

OANDA:XAUUSD   Gold Spot / U.S. Dollar
By re-examining the gold chart in the 12-hour time frame, we see that the price, after its growth to $2007, faced correction and was able to fall to the first downward target, $1977! After that, considering that the price was in the support range, it was accompanied by renewed demand pressure and was able to grow up to $1988! As I mentioned in the previous analysis, as long as the price maintains the support range of $1971 to $1977, it can move again towards the targets above $2000, and if this support is lost, it will see a drop to lower levels such as $1953 and $1930!

Best Regards , Arman Shaban
Trade closed: target reached

📣 Join My FREE Channel on TG for more TA 👉🏼

⚜️Send me a DM if you want to join the VIP 👉🏼

▶️ Video Analysis on YouTube :

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.