🔥 XAUUSD - Bull or Bear ? (READ THE CAPTION)

By checking the gold chart in the 12-hour time frame, we can see that the price is still correcting as we expected and the full explanation we gave on the last TA , and now if it can stabilize below the range of $1991, we will probably see a further correction of the price. If this drop continues, its short-term targets will be $1979 and $1969, respectively! The Bearish scenario will also fail when the price attacks the level of $2000 again and can be closed above $2010 in the 12-hour time frame, which is mentioned in the previous analysis! I hope this analysis is useful for you!

Best Regards , Arman Shaban

Commentaire:

By checking the gold chart in the 12H time frame, we can see that the price finally managed to move according to the first scenario and hit the first ($1979 ✅ ) and the second target ($1969) ✅ ! The efficiency of this analysis has been more than 450 pips and the price after falling to $1956 is currently trading in the range of $1963! We have to see if the price supports the $1953 range or not! Because if the price manages to stabilize above $1953 (even if the price penetrates to this level), we will probably see a growth up to the range of $1982 to $1986, and then we have to wait for the trigger for the next position! I hope you have made the most of this analysis and share it with your friends!