XAU/USD : More Fall Ahead ? (READ THE CAPTION)

Oct 28

By analyzing the #Gold chart in the 30-minute timeframe, we can see that last week, before filling the gap between $2715.5 and $2716.5, the price started rising from the $2717 area and managed to reach $2747.7. After closing at this level on Friday, we saw that over the weekend, with global markets closed, Israel launched its attack on Iran. However, since this attack was lighter than expected, the markets opened today with a large negative gap in gold. The price opened around $2734, with over a 130-pip gap, but within a few hours, this gap was filled as the price rose to $2744.

As you can see on the chart, there are currently two remaining price gaps. One is between $2715.5 and $2716.5, and the other is between $2744.5 and $2747.2. Which gap do you think will be filled first?

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Oct 29

Trade closed manually

By analyzing the #Gold chart in the 30-minute timeframe, we can see that yesterday, gold moved toward the $2745 area to fill the target gap. When the price reached this supply zone, it dropped by over 60 pips, falling to $2739. Following this, news reports suggesting a possible new attack by Israel on Iran led to increased demand for gold, pushing it up near its historical high of $2757.

After reaching this important supply level, the price has shown a negative reaction to this level four times so far. At this point, we need to wait for another breakout to be able to predict gold’s next move.

Oct 29

Trade active

New High for Gold!

#Gold has hit a fresh peak at $2771! The ongoing bullish momentum is attracting attention as safe-haven demand surges. Let’s watch closely to see if this breakout continues or if gold will consolidate at these levels. Exciting times ahead for gold traders!