NEW Weekly TA of #XAUUSD : 09.05.22

In 6H TF we can see that the price after entering the important supply zone (Bearish Breaker Block) last week was accompanied by a negative reaction and is currently trading in the 1711 range. If the price consolidates below $1707, we can expect a drop to the levels below $1700, and if the important number of $1707 prevents the price from falling further, we can expect the price to grow again above $1720!

Follow us for more analysis & Feel free to ask any questions you have, we are here to help.

⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.05.2022
⚠️(DYOR)

❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️