ArmanShabanTrading

XAU/USD : GOLD will Rise Again ? (READ THE CAPTION)

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range. If it maintains support between $2309 and $2316, we could see an exciting upward trend. Potential targets are $2323, $2328, $2337, and $2342. Stay tuned for updates on this analysis!

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Comment:
By analyzing the gold chart on the 4-hour time frame, we see that, based on yesterday's analysis, the price started to rise and hit the targets of $2323 and nearly $2328. After that, it began to correct and filled the Fair Value Gap (FVG) in the $2309 to $2315 range. It then rose again to $2326 before correcting back to $2307. Currently, gold is trading around $2318, and we need to see if it will maintain support in this area. The demand zone ranges from $2295 to $2299, while the supply zones are $2319 to $2326, $2328 to $2336, and $2341 to $2343, respectively.

Comment:
GOLD price is increasing ! Now reached $2322 ! 🔼
Comment:
By analyzing the #Gold chart on the 4-hour timeframe, we observed that the price started to rise after yesterday's analysis. It reacted to nearly all the supply zones we identified but ultimately continued its upward trend as expected, reaching $2335.030! After that, gold faced a slight correction due to entering the supply zone of $2328 to $2336 and gathering dynamic liquidity, and it is currently trading around $2329. As long as the price stays above $2324, we can anticipate further growth in gold, with the next targets being $2337, $2342, and $2348, respectively!

Comment:
By analyzing the #Gold chart on the 4-hour timeframe, we see that the price has risen exactly as we expected, hitting our next targets of $2337 ✅ and $2342 ✅, and even reaching $2346. The overall return of this analysis so far has been over 300 pips. Currently, Gold is trading around $2338 and is close to key supply levels. Given the recent rise, I expect a correction to lower levels soon.

Comment:
By examining the 4-hour chart of #gold, we can see that after a 70-pip correction down to $2332, the price experienced renewed buying pressure. According to the initial analysis, it made a significant upward move, hitting the next target at $2348. However, this was not the end of the bullish trend for gold. This precious metal managed to rise further to $2368. Notice that with this increase, gold nearly filled the entire liquidity void (LV) in the range of $2369 to $2293. Currently, it is close to a significant bearish order block ($2369.7 to $2388). Keep an eye on the price's reaction to this zone!

Comment:
By analyzing the #Gold chart on the 4-hour time frame, we can see that the price has started a significant drop earlier than expected. It fell from the $2369 level to $2317. This drop has yielded over 500 pips so far! This decline in gold has created a large liquidity void (FVG), which I expect will be filled in the short term. The targets for this movement are $2329, $2332, $2348, $2352, and $2356.


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