🔴 XAUUSD : NEW WEEK TA : 12.05.22 🔴

As you can see, on Friday, after the analysis, the price of gold had an upward movement exactly as expected and closed at $1797. This week, the price finally executed the scenario of the last week and moved to $1808, and then From collecting liquidity above $1808, it faced selling pressure and was able to drop to $1793, Now, I expect that if the price consolidates below $1808, it will be corrected further and the first target will be $1779, but please note that in the weekly time frame, we can see signs of a further bullish move in the price, and after that we can see the growth of the gold price to levels higher than $1875! (So the short-term view is Bearish and the mid-term view is Bullish)

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 12.05.2022
⚠️(DYOR)

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Trade closed: target reached:

✅ $ 1779 Reached ➡️ +150 Pips ✅
✅ $ 1775 Reached ➡️ +190 Pips ✅

✅ More Fall ?? or it is done ? Let's See ! 😁