🔥 XAU/USD - Heavi Fall Ahead ? (READ THE CAPTION)

Hello Traders , By checking the gold chart in the 1-hour time frame, we can see that the price started to grow as we expected and the price increased up to $2181, and then it was corrected and entered the demand range of $2164 to $2169 and then It was accompanied by a strong growth and was able to grow up to $2200! The level of $2200 was an important level of supply, after reaching it, the price was corrected and is currently trading in the range of $2190! With the growth of gold from $2169 to $2200, it created a liquidity void that I expect to be filled soon! Among the important supply levels, we can mention $2200 to $2210!

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Best Regards , Arman Shaban

Comment:

GOLD is falling , now it's trading in the range of $2181 !

Comment:

What's new about Fundamental elemenrs about GOLD ? Let me explain to you in a friendly and simpe way !

• Gold’s shining bright again, crossing the US$2,200 mark. It’s like the financial world’s sunny day!

• The big buzz is about interest rates possibly going down because inflation’s chilling out. So, everyone’s eyeing gold as the next cool thing.

• Keep an eye out for the US’s PCE index data coming up – it’s like the economy’s weather forecast.

• The dollar’s taking a little dip, but treasury yields are hopping up a bit.

• Market folks are all ears for the US inflation update. It’s like waiting for the next episode of a cliffhanger series!

• Gold hit a record high last week, and the forecast says it might climb even higher by 2025 – talk about a golden future!

• Central banks, especially China’s, are on a gold shopping spree. They’re mixing up their treasure chest after last year’s drama.

• Chinese families are loving gold right now, but Indian buyers? Not so much.

• And it’s not just gold getting love – silver, platinum, and palladium are also getting their share of the spotlight.

How was it ? was it more helpful and understandable ?

Prepared by : Arman Shaban