ArmanShabanTrading |🔴 XAU/USD : Bull or Bear ? Let's See

By checking the gold chart in the 4-hour time frame, we see that the price is forming attractive trading setups! From the important levels of supply, we can mention 2003 to $2006.5, 2012 to 2017 , and 2038 to $2048! The important levels of demand are 1967$ to 1969$ respectively and the most important and attractive demand zone is between 1949$ to 1960$ (to be considered)! All these zones are marked on the chart!

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👤 Arman Shaban : @ArmanShabanTrading
📅 04.20.2023
⚠️(DYOR)

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Comment:

As you can see, based on yesterday's analysis, after the announcement of Unemployment Claims, the price entered the Great Supply Zone (2012$) and faced a heavy fall from the same range and was able to correct it up to 1981$! The efficiency of this analysis has been more than +300 pips ✅ so far, I hope you have made the most of this analysis!