XAU/USD (GOLD) : What’s NEXT ? $2020 or $1930 ?

By re-examining the GOLD chart in the 12-hour time frame, we see that the price, after its growth to $2007, faced correction and was able to fall to the first downward target, ie $1977 ! After that, considering that the Gold price was in the support range, it was accompanied by renewed demand pressure and was able to grow up to $1988 ! As I mentioned in the previous analysis of GOLD , as long as the price maintains the support range of $1971 to $1977, it can move again towards the targets above $2000, and if this support is lost, it will see a drop to lower levels such as $1953 and $1930!
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Author : Arman Shaban

– Related Ideas :

– XAU/USD (GOLD) : 27.OCT.2023
– XAU/USD (GOLD) : 30.OCT.2023

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