🔴 XAUUSD - 1WEEK Time Frame - 01.05.22

As you can see, the price of gold finally reacted negatively to the supply zone that we mentioned ($1825 to $1878) and from the range of $1866 to this moment, it has dropped by more than 300 pips and in the range of $1833 is being traded, according to the previous analysis, one of our key levels was $1832, which the price has still reacted to! The assumptions of the previous analysis are still valid!

The Main TA :


Caption of it : As you can see, in the weekly time frame, the price has entered an important supply range, we have to see whether the price can be rejected from this level by the end of this week or it will move above $1880 to collect liquidity first! As mentioned in the previous analysis, the supply range of the weekly time frame is from $1825 to $1878!

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01.05.2022
⚠️(DYOR)

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