XAU/USD 3D TA : IMPORTANT WEEKLY UPDATE

By analysing the weekly and 3-day chart of gold, we saw that the price penetrated below the low of last week's candle and faced more selling pressure and traded up to the level of $1698! Considering that the price entered the $1,600 channel, we can expect that the price will maintain its corrective move this week and penetrate below the $1,678 level as its most important target to collect more liquidity, if after that We can see positive reaction, we can expect an upward movement from $1678 to $1717 as the first target, otherwise the selling pressure may be so high that it directly enter the $1500 channel! Be sure to see the previous week's analysis and compare it with our new analysis.

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.18.2022
⚠️(DYOR)

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