XAUUSD
Will Gold re-reach again to the price of 2000?
Based on the chart, what can I observe is that the price break the supply zone of H1 and ranging in supply zone of daily form a liquidity here.
There's 2 option in my opinion where this Gold should go. Either it make a retracement at 1959 or 1939 before reaching 2003 or directly from here on to 2003.
The price of 2003 become my target price here since it was the previous demand zone in H1 which already been break and the price is almost near to the daily supply zone.
But we all know Gold right? it can suddenly reach 1900 again LOL.
This is my early assumption toward the movement of the gold price. So do make sure to do your on homework too.
Comment:
After the news, it seems that the price will make some retracement between 1959 - 1963.
Comment:
There we go, 1959 touched! 1939 or some retracement to 1971 - 1985 then the gold will decide either break the daily supply (1972 - 1985) to 2003 or some retracement to 1939 before reaching 2003. If it fail to break the daily supply, the gold might return to 1905.
Comment:
it seems that it fail to break daily supply. 1939 is the focused now.
Comment:
1939 touched successfully! Will GOLD reached 1914? or retracement at 1955?
Comment:
1905 reached!!