XAU/USD (GOLD) : 27.OCT.2023 12H TF
By examining gold in the 12-hour time frame, we see that the price is still trading in the range of 1980, and according to the previous analysis that I said before a big move, there is a possibility of a Netural Range , it is still valid! Currently, the range of $1975 acts as a support and we have to see how long this support will be maintained! If the price stabilizes above this range, we will see the price rise to levels above $2000, and as I said in yesterday’s analysis, otherwise, we should see the price drop to $1930 !
(This Post on TradingView)
Author : Arman Shaban
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3 Responses
[…] By examining the GOLD (XAUUSD) chart in the 12-hour time frame, we see that the price, as expected, managed to grow above $2000 and hit its bullish target! After the price reached the supply range of 2000$ to 2022$ and recorded its highest price in the last 6 months, which is 2009$, today it corrected from the same range to 1991$ with the opening of the market. It is still the first and one of the most important supply ranges in front of the price of this area and we have to see if the price will close and stabilize below this level or not! Personally, I predict that if the support price maintains the range of $1972 to $1991, we will see the price grow to higher ceilings, and if this happens, its targets will be $2020, $2048, and $2066, respectively! (This Post on TradingView)– Related Ideas – XAU/USD (GOLD) : 27.OCT.2023 […]
[…] : 02.Nov.2023– XAU/USD (GOLD) : 01.Nov.2023– XAU/USD (GOLD) : 30.OCT.2023– XAU/USD (GOLD) : 27.OCT.2023To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to […]
[…] (GOLD) : 02.Nov.2023– XAU/USD (GOLD) : 01.Nov.2023– XAU/USD (GOLD) : 30.OCT.2023– XAU/USD (GOLD) : 27.OCT.2023To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to […]