XAUUSD : Bearish or What ?

Update : As you can see, the price started its initial upward movement from where we said, but it still hasn't given any trigger for a sell position and after breaking $1650, it is currently trading in the range of $1668. There is a liquidity pool above $1672 that we can look for a sell position with the right trigger! The scenarios on the chart have been specified and the rest of the explanations of the previous analysis are still valid!

The Previous analysis (10.15.22) : I expect that the price will go up to the range of $1650 and then it will start to fall again, when the price reaches $1650, look for the entry trigger for the Sell position! The next bearish targets are $1640, $1635.5, $1628 and $1625 respectively! As I said in the previous analysis, when the price reaches the range of $1625 to $1615, look for a trigger for BUY position!


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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.17.2022
⚠️(DYOR)

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1650$ reached ✅