XAUUSD (GOLD) : 10.28.22 (Update)

Well, as you can see, after reaching the range of $1654 to $1658, the price was accompanied by a positive reaction and was able to grow up to $1667. It is interesting to know that I had a Pending Order SELL LIMIT, but it was not activated with a difference of only 10 pips. I want you to know that the price doesn't always reach your Optimal Trade Entry (OTE) point, and that's okay! Now the price managed to break the support of $1654 by falling from $1667 and enter the range of $1640! Here is a Bullish Breaker Block (Bullish BB) range and the initial reaction to it has been positive, we have to see if this support is maintained today or we go for the next free fall! The next important demand range is $1616 to $1627!

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.28.2022
⚠️(DYOR)

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