XAUUSD : It's Going to Fall or ... ?

After falling to $1774, the price was accompanied by a temporary upward correction and was able to reach the level of $1798 and fill the FVG created in the 12-hour time frame, Now the price has faced an initial negative reaction to this level and we have to see if it will succeed in consolidating below $1790 or not, in this case the price can fall to the lower targets of $1766, $1741 and $1727 respectively!

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👤 Arman Shaban : @ArmanShabanTrading
📅 12.19.2022
⚠️(DYOR)

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As you can see, yesterday after the last analysis, the price dropped from $1791 to $1784 and then rose again to $1808, this was a strong supply area and from there the price dropped to $1798 , now the price is fluctuating in the range of $1800 and we have to see if the price can fall again to $1795 or not! The previous analysis targets are still valid if the downward trend continues!