🔥 XAU/USD - an IMPORTANT analysis of GOLD (READ THE CAPTION)

By checking the gold chart in the Daily time frame, we can see that according to my previous expectation, we waited for the price to enter the Supply ranges of our desired zones and then we were accompanied by the heavy fall! According to this analysis, after the price growth up to $2044, gold managed to start its fall and finally correct up to $1984.5 ! Now the price has reached an important demand zone and since yesterday we were expecting the price to react to this level and so far gold has been able to grow up to $1996 (+100 Pips) ! If the support of the demand range of $1978 to $1987 is maintained, we can still expect more gold growth, whose targets based on the 4H analysis will be $1999, $2003, and $2011, respectively! But note that after a period of growth, I still expect a further fall from gold, whose mid-term targets will be $1973, $1966, and $1934, respectively!

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Best Regards , Arman Shaban

Comment:

GOLD rose to $2008 and then started to fall and now it’s trading in the range of $2004 !