⭐️ XAU/USD : Will $GOLD reach above $2,400 ? (READ THE CAPTION)

As you can see, yesterday gold experienced a further decline and corrected to $2352. After that, it encountered demand pressure and managed to grow to $2397! As I mentioned in the previous analysis, the range of $2389 to $2399 was an important supply zone, and the price showed a negative reaction after reaching this level and corrected to $2380! Currently, the price is trading around $2384, and it is likely that after a price correction, we will again witness an increase in demand and a rise in the price of gold!

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Best Regards , Arman Shaban

Comment:

Keep an eye on GOLD in the 1minute TF and look for the right trigger in the range of $2379 to $2372.5 !

Comment:

Upon re-examining gold in the 4-hour timeframe, we observe that the price, after an initial drop, has once again encountered demand pressure and is currently trading with an increase of over 100 pips in the range of $2382! The other assumptions of the previous analysis remain valid!

Trade closed: target reached:

Half Target Reached , +170 Pips so far ! you may take your profit now !