🔥 XAUUSD : Will the Price See $2066 ? (READ THE CAPTION)

By checking the price of gold in the 12-hour time frame, we saw that the price finally hit the target that we have been talking about for several weeks! Last night, gold managed to grow up to $2052 with a stunning growth and from the range of $1931, which was an important demand zone, and I declared LONG on that range, so far it has yielded more than 1200 pips! As you have seen, the targets of $2020 and $2040 were also hit, and the price entered the bearish OB that I had specified, and was corrected, and it is currently trading in the range of $2040! The outlook is still bullish unless the price closes below $2035 in the next 24 hours, in which case we will probably see a heavy fall in gold!

Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.

Best Regards , Arman Shaban

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Let's make a prediction and tell me what price you think the price of gold will close by the end of the week ?

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Ready for new Update ? It's on the way guys ! 😉

Comment:

As you can see, the price of gold is still trading above the range of $2035, and with the news that is in front of the market today, we are likely to see a strong movement and determine the next trend! If today's Unemployment Claims statistics are lower than the expected rate and the Core PCE Price Index m/m is higher than the expected rate, it can cause gold to fall, And if the opposite of this happens, we will probably see the growth of gold to levels above $2060! So it is important to see how the possible trend will accelerate with the published statistics! The previous analysis is still valid (must be read)

In the Previous TA i had a vision that By checking the price of gold in the 12-hour time frame, we saw that the price finally hit the target that we have been talking about for several weeks! Last night, gold managed to grow up to $2052 with a stunning growth and from the range of $1931, which was an important demand zone, and I declared LONG on that range, so far it has yielded more than 1200 pips! This means that gold has increased by more than 6% in value since the beginning of the month, which is a remarkable achievement for the precious metal. As you have seen, the targets of $2020 and $2040 were also hit, and the price entered the bearish OB that I had specified, and was corrected, and it is currently trading in the range of $2040! The outlook is still bullish unless the price closes below $2035 in the next 24 hours, in which case we will probably see a heavy fall in gold! This is because $2035 is a strong support level that has been tested several times in the past, and breaking it would indicate a reversal of the uptrend. Therefore, we should keep an eye on this level and adjust our positions accordingly.

Trade closed manually