⭐️ XAU/USD : GOLD's Tradable Key Levels (Important Caption)

By examining gold in the 1-hour time frame, we can see that the price experienced a heavy drop after yesterday's analysis, which was due to the fact that the Federal Reserve announced that the interest rate will remain high for a longer period of time! Currently, gold is trading in the range of $2367 and there are very important supply zones in front of it! These ranges are $2371 to $2374, $2380 to $2383.5, $2387 to $2395, $2406 to $2415, $2422 and $2430 respectively! These are the key supply levels of gold that the price can reach in the short and medium term and react! There is a very important liquidity void in the range of $2395.5 to $2405.5, which I believe this FVG will be filled in the short term! The important demand levels are $2351 to $2358, $2328 to $2332, and $2323 to $2327, respectively! Note that you must monitor the price reaction to the mentioned key levels, because all these levels are tradable!

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Best Regards , Arman Shaban

Comment:

GOLD surged to $2,370, nearing the first supply zone, but then faced a significant drop, correcting to $2,327. As I mentioned before, all these levels are tradeable, so make sure to monitor all the prices closely! There is a high likelihood of further declines in the coming days, potentially bringing the price down to the $2,200 range.