🔴 XAU/USD - Big Correction or What ?

As you can see, the price of gold opened last night with 170 pips gap and started to grow again from $1990 and fill the gap! There is still a small gap between 2006 and 2007 , which is likely to be filled! I expect a correction from the range of 2005 to $2008! Pay special attention to the important levels of supply and demand and liquidity pools !

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.10.2023
⚠️(DYOR)

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Trade closed: target reached:

+200 Pips

Trade closed: target reached:

As you can see, after the analysis, the price started to fall and corrected to the level of $1981! After the price reached the Demand Zone, we see that the price has been accompanied by demand pressure and is now trading in the $1990 range! If the price stabilizes above this level of demand, we can expect the price to grow again to 2005 as the first target!