NEW analysis of $GOLD (XAUUSD)

As you can see, the price with a Spike growth yesterday caused a Fair Value Gap (FVG) that caused by liquidity Void , this range is from $1675 to $1708, in such cases different scenarios can happen that the final result Each can be shared! This means that in the first scenario, if the price consolidates below $1710 and it closes below $1704 , we can expect this gap to be filled and the price will fall to $1695 as the first target and $1675 as the last target! The second scenario is growth again up to the Bearish Order Block (from $1719 to $1729) and then reject from this level! The third scenario is growth up to LMH (the highest price recorded in the previous month) to collect liquidity and then a powerful rejection from this level! Decision making based on each of these scenarios is based on the trigger at the moment!

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 11.09.2022
⚠️(DYOR)

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Comment:

2nd Scenario is Activated