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💎 $GOLD : Correction to $1903 ? (READ THE CAPTION)
By examining the gold chart in the daily time frame, we can see that based on our analysis, on Friday with the announcement of the NFP, the price attacked the level of $1810 to collect liquidity, and then it was accompanied by demand pressure
(As we mentioned in the previous analysis, the price was in a demand range for several days) and with the war between Israel and Palestine, the market found its own excuse for further growth,
And today, until this moment, it has managed to grow up to $1856 and hit its first upward target! As I said in the previous analysis, for the price to grow, gold must stabilize and close above $1830, which is exactly what happened on Friday!
The important demand zone is from $1812 to $1829 and the important supply zones are $1858, $1880 to $1889, and finally $1903!
Best Regards , Arman Shaban
The Last and The Main TA : (Click on the picture to see more)
As you can see, based on yesterday's analysis and updates of gold, we observed that the price started to fall from the range of $1852 to $1850 and with more than 70 pips of correction, the price was able to fall to $1844 And then it faced an increase in demand and was able to grow up to $1865!
After the price reached this range, gold showed a negative reaction and until this moment, it is trading in the range of $1856 with 100 pips drop! There is no important news in the market today and the market will prepare itself for important statistics on tomorrow!
Still, the Supply and Demand levels that I announced in the previous analysis are very important! Note that with the growth of the price from $1810 to $1865, a liquidity gap of at least 350 to 400 pips has been created, which I believe will be filled in the short term!
（Source from: TV-ArmanShabanTrading） 