XAU/USD : Ready for another Fall ? (READ THE CAPTION)

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By analyzing the 6-hour chart of #gold, we observe that, as expected, gold experienced a decline and corrected to $2391 with a yield of 280 pips. Subsequently, the price saw a resurgence in demand and has risen to $2416 so far. The important supply levels are $2418.5 to $2424.6 and $2429 to $2433. The important demand levels are $2378 to $2384.5, $2369 to $2375, and $2326 to $2333. Keep an eye on the price reaction to these specified levels.

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Best Regards , Arman Shaban

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Giao dịch đang hoạt động

By analyzing the 6-hour chart of gold, we observe that, as expected, the price rose to $2439, entering its old supply zone (Bearish OB). It then experienced a strong reaction, dropping from $2439 to $2425, and is currently trading around $2427. We need to see whether the price decline will continue from this level or if we should expect a new high for gold.

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Ghi chú

What do you think will happen next? Will the decline continue, or are we about to see a new high for gold? 🤔

Share your thoughts and analysis in the comments below! Let's discuss our predictions and strategies. 📈 💬

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Ghi chú

By analyzing the #Gold chart in the 6-hour timeframe, we observe that the price dropped to $2420 after last night's analysis. However, it then saw increased demand and rose to $2443! Gold is now trading in the specified supply zone ($2439), and we need to see if it will be rejected from this zone or not. It is possible that before the main drop, gold might create a new high above $2450 to gather liquidity, and then start its decline.

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Ghi chú

📈 Gold Hits New High at $2451!

In recent moments, the price of #gold surged to $2451, marking a new all-time high. This increase reflects the rising demand for the precious metal and the market's reaction to recent economic developments.

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Giao dịch được đóng thủ công

By analyzing the #Gold chart in the 6-hour timeframe, we observe that, as expected, gold moved higher to gather liquidity above the previous high of $2450. However, it did not stop there; the buying pressure remains high, and gold has recorded a new high, reaching $2482.4! Currently, gold is trading around $2473, and only if the price stabilizes and closes below $2460 can we expect further declines. Otherwise, we anticipate the price reaching $2500! The validity of this analysis has come to an end, and the next analysis of gold will be entirely new.