XAUUSD 2H TF : 14.Nov.2021

Possible price trends in 2-hour timeframe (completion of gold multi-time frame analysis)

Daily Analysis :
Scenario 1 : Powerful move to the first target (channel ceiling): $ 1900 to $ 1907.
Scenario 2 : Pullback to the channel midline and key static level ($ 1835) and then continue the uptrend.
Scenario 3 : Failure to complete the analysis and price drop to the $ 1808 level.

Weekly Analysis :
as we can see that the price has managed to break its 15-month downtrend and is moving forward strongly. We have to see if the price will pull back to the broken level at the beginning of the new trading week. Our target for the pullback is $ 1835, the first important price target will be $ 1900 psychological resistance and then $ 1905, if these resistances break , the next price targets will be $ 1960 and $ 2037, respectively.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.

⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 14.Nov.2021
⚠️(DYOR)