XAUUSD : Important Analysis (READ THE CAPTION)

Well, My dear followers , as you can see, last night, after reaching the supply range that we specified ($1,662), the price faced an initial negative reaction and corrected to $1,650 (about 120 pips drop), After that today, the dollar index continued to fall more strongly, and this caused gold to grow again, and the price managed to grow to Equilibrium Zone (50% of the previous bearish wave)! After reaching this area ($1675), the price faced a negative reaction, now there are 2 scenarios here, if the price consolidates below the Equilibrium range, we can expect a correction to $1658 to $1654! Otherwise, we can get a trigger of the price to reach the target of $1686 as the first bullish target and $1696 as the second target!

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.26.2022
⚠️(DYOR)

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Comment:

🔴 More Correction 🔴

✅ $ 1668.5 ➡️ $ 1661 ✅
✅ Result so far ➡️ +75 Pips ✅

Trade closed: target reached: