🔥 XAU/USD : $2047 will break ? (Read The Caption)

By re-examining the gold chart, we can see that yesterday gold managed to fall to $2027, and after that, with its fluctuations in the range of $2023, it finally caught up with the demand And it was able to move to the next supply level that I specified ($1945 to $1948)! After entering this zone, the price faced selling pressure and is currently trading in the range of $2042! According to the trend that the price has taken, if the price penetrates and stabilizes above $2047, we may see the growth of gold to higher targets such as $2056 and $2071! This analysis will be updated with new scenarios!!

Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.

Best Regards , Arman Shaban

Trade active:

$2047 Resistance is broken ! ✅

Trade closed: target reached:

First Target Reached ($2056$)

Important Caption : By checking the gold chart in the daily time frame, we can see that the price succeeded in breaking the resistance of $2047 and hit the target of $2056. The price is currently trading in the range of $2063 and we will probably soon see the price reach $2070! When the price reaches the range of $2070 to $2072, we should monitor the price's reaction and if we see a strong rejection of gold, we can go with the price for a sell position! I hope you have used this analysis!

Trade closed: target reached:

Gold hit the target of $2070! Right now the price is trading in the range of $2070 and we have to see how the price will react to this level soon! Keep an eye on this zone ! Price fluctuations in this range can be severe, so be careful! Please Close the Whole Position !