NFP's Effect on Gold Trend (Read The Caption)

2 sept 2022

Updating the weekly analysis : Finally, the price reached its final target ($1688) . This range, which I had mentioned in the previous analysis, was a very important OB+ the price reacted positively after penetrating that zone and was able to grow more than 170 pips, now, the important resistances of the price are $1705 to $1707 and $1710 to $1717 zones , respectively, and make sure to keep an eye on the price react to these levels ! Just compare the previous charts to see the High Accuracy of our analysis!

The Previous Weekly Analysis : In this chart, after a few weeks, we will check the weekly chart, we had identified two important levels on the chart and we expected the price to reach those levels and show a reaction, one was the range of $1783 to $1806 and the other $1824! Well, we saw that after the growth of 1200 pips, the price finally reacted to the first level and is falling from there until now, we have to see if the range of $1681 to $1694 can stop the price from falling further or not! If this important Bullish Order Block cannot stop the price from falling, we can expect the price to reach the target of $1678!

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 09.02.2022
⚠️(DYOR)

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