ArmanShabanTrading | #XAUUSD : The Price Will Fall or What ?

May 19, 2023

Hi Traders , let's Have another look on gold chart and the last analysis that i've done ! By examining gold, we see that the price entered the specified range as we expected ($1949 to $1965) and faced demand pressure and grew from the area of $1952 to $1969, the main yield of this analysis so far is more than 690 pips. It has been specified on the chart! The important supply levels are $1982 to $1985 (in case of price growth) and $1965 to $1969 respectively, if the 4-hour candle closes below $1949, I expect a fall to $1935 as the next downward target!

Best Regards , Arman Shaban