🔥 XAU/USD - Another Fall Ahead ? (READ the CAPTION)

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By checking the gold chart in the daily time frame, we can see that yesterday the price fluctuated a lot as expected and even managed to grow up to $2056, after which it faced a heavy selling pressure and managed to fall to $2031! The noteworthy point is that the price has fluctuated a lot in the last 2 days, but it has not been able to close above the price of $2040, and this is an important event in order to know more about the possibility of gold falling! If gold closes below $2030 today, we can expect a further drop from gold to lower targets such as $2027, $2020, and $2010! I hope this analysis is useful for you as always!

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

1 Şub

Not

Keep an eye on this Supply Zone for SELL Position : $2040 to $2044