ArmanShabanTrading

XAUUSD 4H & 1H TA : READ THE CAPTION

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
as we can see that yesterday's price dropped exactly from the supply range that I had mentioned and dropped more than 200 pips! During this time, the price has shown the most reasonable actions! After the Federal Reserve announced an increase in the interest rate by 0.75 % , the sellers pulled the price below $1654 to exit the deal, and there, when the sellers closed the deal, buying pressure was created, and with this wave, many buyers entered the market and It managed to increase the price to ($1687 to $1690) ! After that, the price again faced selling pressure and fell again to $1655! Now the price is trading in the range of $1677! If this trend continues, the price can grow up to $1692! On the chart, pay special attention to the range of MB in the 4-hour time frame and its reaction to that level! I hope this analysis was useful for you as always!

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👤 Arman Shaban : @ArmanShabanTrading
📅 09.22.2022
⚠️(DYOR)

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