Gold Analysis – 18.Jan.2024
Gold Analysis: By examining the gold chart in the daily time frame, we can see that the price was able to fill about 70% of this liquidity void with the fall that was marked into the FVG, and considering that gold had reached a psychological support ($2001), It is possible that the price will stay in this range here for a while and have a neutral trend and then start its next move! I still think that gold has more room to fall (up to 1997$), but it may temporarily move upwards to fill the new liquidity void created by it fall ! My view is still bearish, but in order to get another SELL position, my preference is to see the price of higher targets first, and then enter the supply ranges that I mentioned in the previous analysis and enter into the Trade with the right trigger! I hope this analysis is useful for you!
(This Post on TradingView)
Author : Arman Shaban
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