XAU/USD : Bullish Movement Ahead ? (READ THE CAPTION)

٧ نوفمبر

Analyzing the #Gold chart on the 4-hour timeframe, we see that yesterday’s bearish trend played out as expected, hitting all downside targets at $2717, $2700, and $2686, even extending further to $2643. This aggressive decline resulted in over 1000 pips of movement within a single day.

Currently trading around $2670, gold faces a significant liquidity gap, and with the interest rate decision due tonight, I expect the price to recover and potentially fill this gap. Expect heavy market volatility—trade cautiously!

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

٧ نوفمبر

تم فتح الصفقة

#Gold Reached $2683, achieving a gain of +130 pips so far! This movement aligns with the initial analysis where gold showed strong momentum after retesting the demand zone near $2670. The price recovery has been steady as it attempts to fill the liquidity gap created during the recent sell-off.

٨ نوفمبر

أغلقت الصفقة: تم الوصول للهدف

Analyzing the #Gold chart in the 4-hour timeframe, we see that, as expected, gold surged from the $2670 zone and successfully filled the FVG (Fair Value Gap) marked on the chart. This analysis has yielded over 400 pips of profit so far. After reaching $2710 and filling the gap, the price corrected back to the $2688 level, where it is currently trading.

Key demand levels are $2668, $2662, and $2649, while the resistance zones to watch are $2699, $2717, and $2723. The price must stay above $2662 and avoid falling below $2642 to sustain further growth.

Stay tuned for updates! Hope you made the most out of this analysis!