XAUUSD 2H & 4H TA : Bearish or What ?

Well, as you can see, the gold reacted negatively when it reached $1765, and the reason for this was that the price reached a Bearish Breaker Block (BBB) and at the same time the Equilibrium level (Fibo 50%), now the price is trading in the range of $1760 and We can expect a drop to $1750 to $1753 as the next price target! If there is a positive reaction and consolidation above this range, we can expect the price to return to $1762 , otherwise the next target will be $1742 to $1745 !

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.25.2022
⚠️(DYOR)

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