XAU/USD : Another Bullish Move Ahead ? (READ THE CAPTION)

25. JuliUpon reviewing the #gold chart on the 2-hour time frame, we see that after hitting both targets at $2420 and $2429 and reaching as high as $2432, gold faced selling pressure and couldn’t register further gains, resulting in a total return of around 320 pips. Now that gold has declined to lower levels, it has become more attractive for buying and has created liquidity gaps that I expect to be filled soon. If the support holds in the marked areas on the chart, we might see the price rise to $2393 as the first target.

An important scenario to watch : If the price experiences a significant drop and falls below $2348, monitor the price action in that area closely. After gathering liquidity below this level, we might witness a strong upward jump.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

25. Juli

Kommentar

Upon analyzing the gold chart on the 2-hour timeframe, we observed that, as anticipated, the price entered the designated demand zone and managed to rise from $2358 to $2376, yielding a return of 180 pips. However, it faced selling pressure again and is currently trading around $2354. We need to monitor whether this level will hold as support or not.

26. Juli

Kommentar

By reviewing the 2-hour timeframe chart of #gold, we can see that after the analysis I shared last night, the price began to rise again from the same demand zone we were looking at. It gained over 260 pips, reaching up to $2379.5. Currently, the price is trading around $2375, and if it stabilizes above this key support and demand level, we could see further growth in gold prices to higher levels such as $2381.5 and $2393. This analysis will be updated (make sure to read the previous analysis).

26. Juli

Kommentar

By examining the #gold chart on the 2-hour timeframe, we observe that, as expected, the gold price experienced further growth and managed to hit the target of $2381.5, even reaching $2391. Currently, gold is trading around the $2385 range, and we need to see tonight’s closing price to predict the potential price trend for the upcoming week. Important supply levels are at $2393 to $2399 and $2421 to $2430. The return on this analysis has been more than 350 pips from last night until now! I hope you have made the most of this week's analysis and wish you a very good weekend in advance!

29. Juli

Kommentar

By analyzing the #gold chart on the 2-hour timeframe, we observe that, as expected, the price continued its upward movement with the market opening. It managed to completely fill the targeted Fair Value Gap (FVG) and hit the $2393 target! Ultimately, gold reached up to $2403.3, providing us with nearly 500 pips of profit. After collecting liquidity above the $2401.4 level, it underwent a correction and is currently trading around $2390. If the price can stabilize above $2389, we could witness another upward movement in gold!