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

8月11日

By examining the #gold chart in the 2-hour timeframe, we observe that last week the price closed at $2431. I expect that with the market opening, after an initial rise to the range of $2442 to $2455, the price will likely decline again. The potential targets for this decline are $2417, $2405, and $2400, respectively. This analysis will be updated tomorrow.

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

8月13日

註釋

Upon reviewing the 2-hour chart of gold, we see that yesterday, the price did not meet the condition we set for a drop (staying below $2439) and instead started to rise further. It reached the second supply zone of $2473 to $2484, then corrected by 180 pips down to $2458. Currently, gold is trading around the $2471 level again, and we need to see if it will get rejected from this important level once more. The reason for the renewed gold rally was the lower-than-expected PPI data.

8月14日

註釋

By Reviewing the 2-hour gold chart, we observe that the price is currently trading around $2473 and today it managed to break above $2477, gathering liquidity above this level. As you know, today we have the CPI data release. If the data comes in higher than the forecast, it could lead to a drop in gold prices, and vice versa, if it comes in lower, it could push gold prices even up to $2500. Be cautious with your trades today and ideally avoid any significant trades from now until at least half an hour after the data release. Good luck!

8月14日

手動結束交易

Be Ready for a new Analysis !