XAUUSD (GOLD) 4H TA : Bull or Bear ?

14 feb 2022

Examining the GOLD price actions in 4H TF , we see that the price pumped after the announcement of possibility of war between Russia and Ukraine and with the increase of geopolitical risks and broke the resistance level of $ 1850, which was the highest price recorded last month (PMH) and was able to grow to $ 1865, which was more than $ 38 changes in less than 8 hours! Now we have to see with the start of the new trading week whether the price can consolidate above $ 1855 or not! We have to consider that in the event of escalating tensions between Russia and Ukraine, the price of gold as a safe-haven asset could reach higher levels.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 14.Feb.22
⚠️(DYOR)

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