🟢 $GOLD : Possibility of Changing the Trend ? (CAPTION)

٢٢ أغسطس ٢٠٢٣

NEW Forecast of GOLD : Well, friends, as you can see yesterday, after the analysis that was presented, as I said, I was expecting another drop, and the same thing happened a few minutes later, and the price experienced a heavy drop from $1898 to $1885, that is, more than 120 pips of price correction! After that, the price could not reach the Last LOW and by entering the demand range in the lower time frame, it faced buying pressure and has been able to experience more than 170 pips of growth until now! As I mentioned in the previous analysis, if the price breaks $1900 and stabilizes above $1903.5, we can expect a change in the trend in the short term! Stay tuned with the update of this analysis!
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Best Regards , Arman Shaban

٢٤ أغسطس ٢٠٢٣

ملاحظة

By re-examining GOLD in the 4-hour time frame, we can see that After breaking through to the important level of 1903.5 and collecting liquidity above it, the price was accompanied by correction, and then it attacked above this level again with the pressure of demand, And the price was able to break the resistances of $1907, $1912 and $1921 with strong growth! Now the price is trading in the range of $1917 and the important demand levels are $1909 and $1899 and the important supply levels are $1923, $1930 and $1936 respectively! Keep an eye on these levels!