By analyzing the #Gold chart on the 2H timeframe, we can see that price continued its bullish move after our previous analysis and managed to reach the $4440 region. Currently, Gold is trading around $4414.
The $4435 – $4450 area is a strong supply zone, so I would not be surprised to see another short-term correction from this area before the broader bullish move continues. The key question now is whether buyers can push Gold back above $4440 and stabilize above this level. If that happens, the bullish structure becomes stronger again.
The nearest supply zones are around $4435 – $4450, followed by $4470 – $4490. On the downside, the nearest demand zones are around $4390 – $4405, followed by $4360 – $4380 and deeper support around $4335 – $4355. If buyers regain momentum, the next short-term upside targets are $4440, followed by $4450, then $4470, $4485, and potentially $4500.
For now, I expect some correction around the current supply area, but my broader outlook still remains bullish.
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
The $4435 – $4450 area is a strong supply zone, so I would not be surprised to see another short-term correction from this area before the broader bullish move continues. The key question now is whether buyers can push Gold back above $4440 and stabilize above this level. If that happens, the bullish structure becomes stronger again.
The nearest supply zones are around $4435 – $4450, followed by $4470 – $4490. On the downside, the nearest demand zones are around $4390 – $4405, followed by $4360 – $4380 and deeper support around $4335 – $4355. If buyers regain momentum, the next short-term upside targets are $4440, followed by $4450, then $4470, $4485, and potentially $4500.
For now, I expect some correction around the current supply area, but my broader outlook still remains bullish.
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
Trade attivo
By analyzing the #Gold chart on the 2H timeframe, we can see that today’s price action was not particularly attractive. However, the correction we were waiting for did happen, with Gold dropping toward the $4351 region.Currently, price is trading around $4358. Honestly, I did not like today’s market very much and it did not provide any clean trading setup for us, but that is completely normal. The market does not have to give us a trade every single day. In my view, this corrective phase could be close to ending, and if buyers step back in, Gold may start another short-term bullish move.
The next upside targets I’m watching are $4370, followed by $4380, then $4390, $4400, and potentially $4420. For now, patience is more important than forcing a trade. I still expect the broader bullish move to resume after this correction.
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📘 Wanna Learn ICT & SMC? Get the Full Book Here : bit.ly/ICT-BOOK
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.