XAU/USD : $2700 Reached, What's Next ? (READ THE CAPTION)

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Upon reviewing the gold chart on the 4-hour timeframe, we can see that gold has finally managed to break above the $2700 level, just as we anticipated in our previous analysis. Currently, it is consolidating above this level. Note that the $2714 level is a key supply zone (based on important Fibonacci ratios) for gold, which is why the price reacted to it. However, at the moment, gold is trading around $2711, and I still expect further growth from gold unless I see otherwise on the chart, in which case I’ll update you. The next short-term targets for gold are $2727 and $2743.7. Keep an eye on how the price reacts to these levels. Also, the most important support zone for gold is between $2673 and $2688.7.

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

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Last 15 minutes for Gold’s Weekly Close!

New Update of GOLD : As we approach the final moments of this trading week, less than 15 minutes remain until the weekly candle for gold closes. As I mentioned earlier, we were expecting price action to reach our next targets at $2727 and $2743.7 in the short term.

So far, we’ve seen the price push up to $2722, and now the big question is: Will gold reach $2727 in the next 15 minutes before the weekly close, or will we see this happen early next week?

It’s been a remarkable climb, and this area of $2727 is key. Let’s see if the momentum holds for a final push or if next week will be the time for a breakthrough. Keep an eye on the final moments of this candle for important signals!

#XAUUSD

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🚨 Target Hit! 🚨

Gold has reached the $2727 target we’ve been anticipating! 🏆 As expected, after a steady upward move and strong demand, we’ve successfully hit our short-term goal. Congrats to everyone who followed the analysis! 💪🏼🍾

Now, let’s keep a close eye on price action. With momentum on our side, the next targets to watch will be $2743.7 and beyond. Stay alert, as volatility might increase around these levels!

Let’s continue to dominate the market. 📈 Keep those charts updated, and I’ll be watching closely for the next major move!

٢١ أكتوبر

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By analyzing the gold chart in the 4-hour and 2-hour time frames, we can see that today, the price finally managed to hit the $2727 target with strength and even went beyond it! Based on the previous analysis, the next target for gold is $2743.7, and at the moment, gold has already reached $2738 and is currently trading around this level. Keep in mind that, since the price has never traded at this level before, we need to identify the next supply zones using specific Fibonacci ratios and some other tools! Therefore, be sure to closely monitor how the price reacts to the level I’ve highlighted for you! This bullish rally remains strong, and as of now, there are no signs of a price correction visible on the chart!