🔥 XAUUSD - Keep an eye on the price for another SHORT !

10 nov 2023

By checking the gold chart, we see that the price managed to stabilize below $1970 as I expected, and after that it was accompanied by selling pressure and was able to correct up to $1944, a total of more than 590 pips of yield! Yesterday, with the speeches and news that was going on in the market, the price was able to grow again up to $1965 to fill the liquidity void , and today, the price has started to correct itself again and the price is trading in the range of $1953! Also, the previous analysis is valid and if the price stabilizes below $1965, we will see a further drop in the price to lower levels such as $1933, $1920 and $1909! The range of $1909 to $0933 is one of the price demand ranges where we can expect a bounce back in this area!

Best Regards , Arman Shaban