Gold (XAU/USD) : +450 Pips So Far , What’s NEXT ? (07.Nov.2023)

GOLD Analysis : By checking the gold chart in the 12H time frame, we can see that the price finally managed to move according to the first scenario and hit the first ($1979 ) ✅ and the second target ($1969) ✅ ! The efficiency of this analysis has been more than 450 pips and the price after falling to $1956 is currently trading in the range of $1963! We have to see if the price supports the $1953 range or not! Because if the price manages to stabilize above $1953 (even if the price penetrates to this level), we will probably see a growth up to the range of $1982 to $1986, and then we have to wait for the trigger for the next position! I hope you have made the most of this analysis and share it with your friends! More details about this analysis will be provided tonight in a new YouTube video !
(This Post on TradingView)

Author : Arman Shaban

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