In the one-hour time frame, the price is in the Trading Range , which is currently reaching the resistance zone in this area , and the probability of rejection from this level and falling to $1775 is high ...
If the price goes beyond this range , the first important target will be $1790.
Different scenarios are marked on the chart.
Daily Analysis :
Description : Examining the gold chart in daily timeframe , we see that the price has reached a resistance X-Point, if the price does not break this resistance, we can expect a fall to the next targets which is $1760 and $1723.
Weekly Analysis :
Description : Examining the gold chart in the weekly time frame, we see that the price is fluctuating in a static support range, and as long as it maintains this support, we can expect another upward trend from it in the future and If this support is lost, we can expect it to fall to the $ 1735 range. Note that recent gold analyzes are still valid.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
If the price goes beyond this range , the first important target will be $1790.
Different scenarios are marked on the chart.
Daily Analysis :
Description : Examining the gold chart in daily timeframe , we see that the price has reached a resistance X-Point, if the price does not break this resistance, we can expect a fall to the next targets which is $1760 and $1723.
Weekly Analysis :
Description : Examining the gold chart in the weekly time frame, we see that the price is fluctuating in a static support range, and as long as it maintains this support, we can expect another upward trend from it in the future and If this support is lost, we can expect it to fall to the $ 1735 range. Note that recent gold analyzes are still valid.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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⚜️Send me a DM if you want to join the VIP 👉🏼 t.me/ArmanShabanTrading
▶️ Video Analysis on YouTube : www.youtube.com/@armanshabantrading
