Well, as you can see, the price dropped exactly according to our analysis and hit the first (1698$) and second target (1693$) and stopped at $1691! The total return of this analysis was more than 140 pips (compare the charts).
The Last Analysis : As you can see, according to yesterday's analysis, $1707 prevented the price from falling again, and the price was able to grow above $1720, i.e. $1726, and after collecting liquidity above this level, it faced selling pressure, and currently with more than 200 pips falling in the range of $1707 is being traded! According to the growth of the dollar index and the trend that gold has taken, if it conslidates below $1707, we can expect a further drop to the levels below $1700! The possible targets of this drop are $1698, $1693, $1689 and $1680!
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⚠️ This Analysis will be updated ... 👤 Arman Shaban : ArmanShabanTrading 📅 09.07.2022 ⚠️(DYOR)
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