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

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