XAU/USD : More Bullish Move ??? (READ THE CAPTION)

6 окт.

By analyzing the #Gold chart on the 30-minute timeframe, we can see that, as expected, after the NFP news release, which was higher than the forecasted rate, the price experienced a sharp decline, dropping over 290 pips down to $2,632. Following this drop, the price rebounded to gather more liquidity and rose to the key supply level of $2,670, after which it faced another strong decline, correcting down to $2,642. Ultimately, on the last trading day of the past week, the price closed at $2,653.840. Considering the rising tensions between Iran and Israel, if the conflict escalates, I expect Gold to open with further bullish movement. Keep in mind that at the market opening, we could witness high volatility in the price, so it's better to be cautious with your trades and wait for the market to stabilize to find better trading setups during the London and New York sessions. (This analysis will be updated.)

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Best Regards , Arman Shaban

7 окт.

Сделка активна

By analyzing the #Gold chart on the 30-minute timeframe, we can see that the price opened the market with a negative gap (due to a decreased probability of an Israeli attack on Iran two hours before the market opened). Gold initially corrected down to $2,640 but then experienced an upward move, reaching $2,660 in the past few hours. Currently, Gold is trading around $2,648, creating a new Fair Value Gap (FVG) that extends up to $2,656. I expect this liquidity gap to be filled soon as the price moves higher. (This analysis will be updated.)