ArmanShabanTrading |🔴 XAUUSD : Bull or Bear ?

Exactly, according to last night's price, the price entered the $ 1823 to $ 1830 supply zone , and From there it was accompanied by a fall, the efficiency of this analysis has been 120 pips so far and the previous analysis is still valid !
Important Data And Caption : (Weekly TA) : As you can see, today gold penetrated the bottom of last week's price and raised the expectations for further fall, if the price stabilizes below $1823, we can expect further fall to $1797! Pay attention, the weekly support range is from $1775 to $1825, the second important weekly support and target is the range from $1732 to $1761!

The Last and Main TA in 1H TF : By checking the GOLD chart in the 1H TF and completing the previous TA of gold in the 1W TF , we can see that the price penetrated below $1818 to collect liquidity and after that it grew with a jump to the supply zone of $1830 and from There, it faced a fall again, now we have to see how the price will react to the range of $1823 to $1830, if it stabilizes below this level, we can expect a fall to $1808 and $1797!

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 02.23.2023
⚠️(DYOR)

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Comment:

$1811 Reached so far , Let's go for 1808$ ???

Trade closed: target reached:

$ 1808 Reached ✅