With the new review of gold in the 1-hour time frame, we see that the price rose to $2200 last day and then it was corrected! Now, in my opinion, gold can be associated with a growth up to the range of $2203 to $2210 and after that we can have a SELL position with the right trigger! As I said before, the first supply zone is between $2203 and $2210, and the next is the Rejection Block zone between $2212 and $2222!
Please tell me in the comment section that do you think what price gold will close at by the end of the week!?
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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The Price just entered the REJECTION BLOCK ZONE ($2212 to $2222) ! Waiting for the Right trigger to sell !
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By re-examining the gold chart in the one-hour time frame, we can see that as expected, the price was accompanied by a strong growth and was able to grow up to the range of $2217 (Rejection Block Zone) and after that it was accompanied by a fall and is currently in the range $2209 is being traded! If the price stabilizes below $2,217, we can witness a further drop in gold!