🔥 XAU/USD : $2047 will break ? (Read The Caption)

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
By re-examining the gold chart, we can see that yesterday gold managed to fall to $2027, and after that, with its fluctuations in the range of $2023, it finally caught up with the demand And it was able to move to the next supply level that I specified ($1945 to $1948)! After entering this zone, the price faced selling pressure and is currently trading in the range of $2042! According to the trend that the price has taken, if the price penetrates and stabilizes above $2047, we may see the growth of gold to higher targets such as $2056 and $2071! This analysis will be updated with new scenarios!!

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Best Regards , Arman Shaban
Trade active:
$2047 Resistance is broken ! ✅
Trade closed: target reached:
First Target Reached ($2056$)

Important Caption : By checking the gold chart in the daily time frame, we can see that the price succeeded in breaking the resistance of $2047 and hit the target of $2056. The price is currently trading in the range of $2063 and we will probably soon see the price reach $2070! When the price reaches the range of $2070 to $2072, we should monitor the price's reaction and if we see a strong rejection of gold, we can go with the price for a sell position! I hope you have used this analysis!
Trade closed: target reached:
Gold hit the target of $2070! Right now the price is trading in the range of $2070 and we have to see how the price will react to this level soon! Keep an eye on this zone ! Price fluctuations in this range can be severe, so be careful! Please Close the Whole Position !

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