XAU/USD : Bull or Bear? (READ THE CAPTION)
Updated
Analyzing the #Gold chart on the 4-hour timeframe, we can observe that yesterday, following the announcement of a potential ceasefire between Lebanon and Israel, gold experienced a significant drop, correcting by over 800 pips down to $2,605. This sharp decline created a major liquidity gap, which I anticipate will likely be filled as prices recover soon.
Additionally, today we have the critical CB Consumer Confidence data release, which could significantly impact the market and trigger high volatility. Be cautious with your trades and manage your risk effectively!
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
Additionally, today we have the critical CB Consumer Confidence data release, which could significantly impact the market and trigger high volatility. Be cautious with your trades and manage your risk effectively!
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
Note
Gold Update: As anticipated, the price is steadily climbing to fill the identified FVG (Fair Value Gap). This recovery aligns perfectly with our earlier expectations, as gold reacts strongly to the liquidity gap created by the recent drop.
Stay tuned for the main update, where I’ll provide a detailed breakdown of the potential next targets and market conditions. Let’s keep an eye on how this unfolds!
Trade active
Analyzing the #Gold chart on the 4-hour timeframe, we can observe that, as expected, gold prices have started rising to fill the anticipated FVG. So far, it has delivered over 200 pips of profit, reaching the $2,654 range! Currently, gold is trading around $2,649, and this analysis remains valid.
Keep an eye on the levels at $2,657, $2,664, $2,671, and the $2,688–$2,695 zone. It's highly likely that the price will react to each of these levels!
Trade closed: target reached
Analyzing the #Gold chart on the 4-hour timeframe, we observe that the price continued its upward movement yesterday. Upon reaching the $2,657 supply zone, gold faced a sharp decline, resulting in over 350 pips of movement. I hope you have utilized this analysis effectively!
Currently, gold is trading around $2,648, and the previous analysis remains valid. Keep an eye on the levels at $2,664, $2,671, and the $2,688-$2,695 range, as the price is highly likely to react to each of these zones.
The total profitability of this week's analysis so far exceeds 600 pips!
Note
Analyzing the #Gold chart in the 4-hour timeframe, we can see that, as expected yesterday, the price continued its upward move, delivering an additional 200 pips of profit as it reached the supply zone at $2,666. Following this, as anticipated, the price reacted to the supply level and corrected downward by 100 pips to $2,655.
Currently, gold is trading around $2,663, and this analysis remains valid. Key upcoming supply levels to watch are $2,669, $2,671, and the range of $2,688 to $2,695. Keep an eye on how the price reacts to these levels.
I hope you make the most out of this analysis! 🙌
Before :
After :
Note
Analyzing the #Gold chart on the 4-hour timeframe, we observe that gold extended its correction earlier today, dropping as low as $2,622 after the market opened. Upon reaching this demand zone, it experienced a strong rebound, surging over 220 pips to currently trade around $2,645.
This upward momentum could potentially continue towards higher levels. The key zones to watch for potential sell opportunities are:
$2,646, $2,660, $2,669, $2,671, and the range between $2,688 to $2,695.
Keep monitoring how gold reacts to these levels! 📈
Note
Gold Update - Current Price: $2634
Gold prices have eased from their recent highs due to a stronger U.S. dollar and rising Treasury yields, fueled by diminishing expectations of a Fed rate cut this month. Currently trading at $2634, gold remains in a rangebound phase after its October correction from an all-time high of $2800.
Key Levels to Watch:
- Resistance: $2646, $2660, $2669, $2671, and $2688-$2695 (supply zones for potential selling opportunities).
- Support: $2634, $2617, $2606, and $2584-$2595. (Demand zones for potential buying opportunities).
Short-term outlook: Gold’s movement will largely depend on upcoming U.S. economic data and Fed policy signals. The rangebound behavior is expected to persist unless significant catalysts emerge.
Author : Arman Shaban
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