XAU/USD : First Long, Then SHORT ! (READ THE CAPTION)

Sep 9By analyzing the gold chart on the 4-hour timeframe, we can see that the price is currently trading around $2496. If the price manages to hold above $2485, I expect it to rise first to the $2507 to $2518 range to fill the existing liquidity gap. After that, we can anticipate further declines in gold, with potential targets at $2484, $2472, and $2460.

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Best Regards , Arman Shaban

Sep 10

Trade active

GOLD reached $2507 ! ✔️

7 days ago

Trade closed manually

Last Position Reached It's Target on $2501 and New Position Activated Based on the Main Analysis :

By analyzing the gold chart on the 4-hour timeframe, we can see that after finally filling the FVG in the $2507 to $2518 range yesterday, gold faced selling pressure and corrected down by 170 pips to $2501! After reaching $2501, the price found demand again and managed to rise to $2529 today. This is the seventh time in the last 17 days that the price has entered this crucial zone, and once again, it dropped from $2529 to $2502!

Currently, gold is trading around $2505, and we may see further declines. The recent drop created a liquidity gap between $2512 and $2520, which I expect to be filled soon. Note that the resistance level at $2529 to $2532 has become very fragile, as the price has repeatedly reached and been rejected from this important zone. Therefore, I believe that in the mid-term, we can expect this resistance to be broken, leading to a potential rise in gold to $2550.

6 days ago

Trade closed: target reached

The Last Update :

By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected, the price started to rise and filled the liquidity gap between the $2512 and $2520 levels. When the price reached the supply level at $2520, it faced selling pressure and corrected down to $2513! So far, this analysis has yielded over 220 pips in profit. If the price stabilizes below the $2520 area, we can expect further decline in gold. However, as I mentioned in the previous analysis, considering the weakening of this significant resistance level due to repeated tests over the past 18 days, I expect that after an initial price correction, we will soon see a breakout above the $2532 resistance, and I anticipate the price reaching $2550 in the medium term.

6 days ago

Comment

Gold Price Surges to $2550!

In a stunning move, the price of gold (XAU/USD) has broken above the critical $2532 resistance level and has now reached an impressive $2550! This surge aligns with the expectations of 47% of our community, who anticipated this bullish breakout. Stay tuned for further updates as we analyze the potential implications of this significant price movement

5 days ago

Comment

By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected, the price finally broke through the $2532 level and made a strong move up to $2573! Currently, gold is trading around $2567, and unless you see a powerful reversal movement on the chart, don’t expect a significant drop in the price. Most of these moves are likely short-term corrections. To confirm a more substantial correction, it’s better to check the 1-hour timeframe and wait for the formation of reversal patterns. For a BUY position, the price is currently in the Premium zone, and we know that buying in this zone is much riskier than taking a SELL position without confirmation of a reversal. I hope this explanation is helpful, and stay tuned for the next gold update on lower timeframes soon!