XAU/USD : Gold Will Fall ? (READ THE CAPTION)

Aug 16

By reviewing the 2-hour gold chart, we see that, as expected, gold entered the $2470 range and then experienced a sharp drop, correcting by 380 pips down to $2432! This was one of the most exciting analyses of the week. Currently, the price is trading around $2471, and we need to watch closely to see if it will get rejected again from the $2471 to $2477 range.

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Best Regards , Arman Shaban

The Main Analysis :

Aug 16

Order cancelled

Gold has just reached a new all-time high, hitting $2,493.

#XAUUSD #GOLD

Aug 16

Note

Following the previous analysis, we observed that the price did not get rejected a second time from the $2471 to $2477 range. Instead, it has continued to rise, reaching $2500 as of now. This indicates that the previous analysis is no longer valid. Stay tuned for a new analysis on gold, which will be available soon!