💎 $GOLD : Correction to $1903 ? (READ THE CAPTION)

9 ott 2023

By examining the gold chart in the daily time frame, we can see that based on our analysis, on Friday with the announcement of the NFP, the price attacked the level of $1810 to collect liquidity, and then it was accompanied by demand pressure (As we mentioned in the previous analysis, the price was in a demand range for several days) and with the war between Israel and Palestine, the market found its own excuse for further growth, And today, until this moment, it has managed to grow up to $1856 and hit its first upward target! As I said in the previous analysis, for the price to grow, gold must stabilize and close above $1830, which is exactly what happened on Friday!
The important demand zone is from $1812 to $1829 and the important supply zones are $1858, $1880 to $1889, and finally $1903!

Best Regards , Arman Shaban

The Last and The Main TA : (Click on the picture to see more)

9 ott 2023

Nota

Are you looking for an attractive range for a BUY position? I will tell you 2 zones and monitor them and enter with the right trigger!
The first from $1829 to $1832, the second from $1818 to $1822!

9 ott 2023

Nota

Now you can look for a trigger for SELL position ! $1852 to $1850 ! Target will be $1832 !

9 ott 2023

Nota

+18 Pips so far ! ✅

9 ott 2023

Nota

+32 Pips so far ! ✅

9 ott 2023

Nota

+57 Pips so far ! ✅

10 ott 2023

Nota

As you can see, based on yesterday's analysis and updates of gold, we observed that the price started to fall from the range of $1852 to $1850 and with more than 70 pips of correction, the price was able to fall to $1844 And then it faced an increase in demand and was able to grow up to $1865! After the price reached this range, gold showed a negative reaction and until this moment, it is trading in the range of $1856 with 100 pips drop! There is no important news in the market today and the market will prepare itself for important statistics on tomorrow! Still, the Supply and Demand levels that I announced in the previous analysis are very important! Note that with the growth of the price from $1810 to $1865, a liquidity gap of at least 350 to 400 pips has been created, which I believe will be filled in the short term!

11 ott 2023

Nota

By re-examining gold, we see that the price is still moving towards higher targets based on the main analysis, which levels were mentioned in the previous analyzes (The important supply ranges are $1858, $1880 to $1889, and finally $1903)! Based on the previous analysis, the important demand zone is from $1812 to $1829.

12 ott 2023

Trade chiuso: obiettivo raggiunto

New TA :

15 ott 2023

Trade chiuso: obiettivo raggiunto

Bullish Target Reached , New Analysis has been posted !

Caption : By re-examining gold in the 12-hour time frame, we can see that the price on Friday was accompanied by heavy buying pressure with the announcement of Israel's ground attack on Gaza (Hamas) and considering that gold is a popular and low-risk asset in war conditions. It is considered to have created this amount of demand in the price! The important thing that happened on Friday was that the price attacked the top of the POC Line without any specific reaction to it and closed above this important level ! This important level was $1925 when we saw that the price broke this resistance with great strength and moved towards higher targets, But the important point is that according to my personal strategy, this flow can be given high credibility if the price can be stabilized in at least 1 to a maximum of 3 candles, which means that if the price moves below $1925 again in these 3 days and closes, probably we'll see the drop to $1885 as the first downward target! Pay attention that the most important condition for changing the Bearish to Bullish trend is to stabilize above $1925 and break the price of $1955, in which case we can expect the price to grow even up to $1976 and $2020 ! So this week is very important for gold and we have to monitor the behavior of the price! With the growth that the price had on Friday from 1868$ to 1932$, a large liquidity void has been created, and the probability that this FVG will be filled soon is high! All this will depend on the trading process on Monday and Tuesday! The important supply zone in front of the price is from $1929 to $1954 and we have to see if the price will be rejected from this zone or not, and to fill this gap we must see the consolidation of the price below $1925! I hope this comprehensive analysis will be useful for you!

17 ott 2023

Nota

As you can see, in the 12-hour time frame, after the fall from $1932 to $1908, gold faced renewed demand and was able to grow from the support range of $1909 to $1927 to this moment, However, the first scenario is that the price will grow again to the range of $1931 to $1933 and in case of a strong rejection, it will be accompanied by correction and fall again, the important condition for the fall to $1885 is to break and consolidation of the price below $1908! Otherwise, we should consider the second scenario, in which the price stabilizes above the range of $1907 to $1909, and with the growth of the price and the breaking of the resistance of $1933, we can see the growth of the price to higher targets, The bullish targets of the second scenario will be $1954, $1987, and $2020, respectively!

18 ott 2023

Nota

New Update : By re-examining gold, we can see that the price again faced demand pressure with the announcement of the attack on the Gaza hospital and the intensification of the war, and this caused the price to grow up to $1950! If this flow continues, we will probably see the price rise to higher levels such as $1954, $1988 and $2020 as the next targets!

Best Regards , Arman Shaban