XAU/USD : First SHORT,then LONG! But...! (READ THE CAPTION)

avant-hier

On the one-hour gold chart, we can see that yesterday, the price corrected from the $2943 level down to $2918 before encountering strong demand. This led to a bullish move, with gold reaching a new high of $2955 today. Before targeting the next resistance zone at $2966 - $2969, a slight pullback is likely. This analysis will be updated accordingly. Enjoy the ride, folks!

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Best Regards , Arman Shaban

avant-hier

Trade fermée: cible de profit atteinte

On the one-hour gold chart, as expected, after reaching its all-time high of $2954, the price underwent a correction, dipping to $2916, briefly breaking below $2918 to grab liquidity. Following this, strong demand pushed the price back up, and gold is currently trading around $2933.

If gold breaks and holds above $2937, we could see a continuation towards $2949 and potentially $2954 again. The next mid-term targets remain at $2966 and $2969. 🚀

Stay tuned for further updates! 🔥