XAUUSD 4H TF : 16.Nov.2021
After the break of bullish trend i expect the price to fall from 1850$ to 1833-1840$ ...
Daily Analysis :
As the price of gold reached its highest level in the last 4 months today, the dollar index experienced a half percent growth with the announcement of US retail statistics, which caused the price of gold to react negatively to this statistic and start to correct from $ 1877. Which is currently trading in the $ 1855 range, if the price closes in the same range we can expect a further drop to the midline level, which will be in the $ 1840 range.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 16.Nov.2021
⚠️(DYOR)
Daily Analysis :
As the price of gold reached its highest level in the last 4 months today, the dollar index experienced a half percent growth with the announcement of US retail statistics, which caused the price of gold to react negatively to this statistic and start to correct from $ 1877. Which is currently trading in the $ 1855 range, if the price closes in the same range we can expect a further drop to the midline level, which will be in the $ 1840 range.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 16.Nov.2021
⚠️(DYOR)
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