ArmanShabanTrading | XAUUSD : Demand Zone Works Perfectly – Next Stop $3,800?

[Arman Shaban]

By analyzing the gold chart on the 1-hour timeframe, we can see that once again the price moved exactly as expected, entering the $3,711–$3,726 demand zone. As soon as it reached this level, demand pushed gold up to $3,784, giving us more than 620 pips in returns!
Always pay attention to the key points in the analysis — these are exactly what help us predict the next moves. Now we need to see how the price reacts to the current supply zone. Gold is now only 100 pips away from its ATH. Do you think it can break above $3,800?

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Best Regards , Arman Shaban

#XAUUSD #GOLD #FOREX

[Trader Tilki]

Good work mate.

[EmTeam]

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !