XAU/USD : The Next Target is $2743.7 , Why ? (READ THE CAPTION)
Updated
By analyzing the gold chart in the 15-minute timeframe, we can see that the price is currently trading around the $2734 level. At the moment, the $2728 to $2730 range has become a key support zone for gold. Given that a liquidity pool has formed around the $2738.5 level and another one above $2740, I expect the price to move toward higher targets, maintaining the current support. Soon, we should see gold rise to the main target of $2743.7! Keep a close eye on how the price reacts to these levels.
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Best Regards , Arman Shaban
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 !
Best Regards , Arman Shaban
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Target hit at $2738.5!
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The Second Target hit at $2740 !Trade closed: target reached
GOLD just hit the main target at $2743.7 ✅ and record a new all time high (ATH) , Cheers 🍾
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By analyzing the gold chart in the 15-minute timeframe, we can see that, as expected, gold successfully hit the targets of $2738.5, $2740, and $2743.7 yesterday, and ultimately achieved over 250 pips of profit, setting a new record at $2758.8! After reaching this price level, we witnessed a drop in gold to $2743, which was a retracement aimed at filling the liquidity void caused by the previous rally.
The $2737 to $2741 range is an important demand zone. We’ll need to see how the price reacts if it reaches this level. My view remains bullish, as today’s drop has created another liquidity void, and I expect this gap to be filled soon with gold’s renewed upward movement.
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📌 Gold Update: Testing Key Levels 📌
As of now, gold is trading around $2738 after failing to hold support at the $2737 level and dipping to $2731. The current price action is crucial—if the support between $2729 and $2731 holds, we could see a bullish reversal. 📈 Potential targets for today are $2741, $2748, and even $2755.5 if momentum picks up.
The market sentiment remains cautious, but today’s liquidity void could be filled with an upward push. Keep an eye on how the price behaves around this support zone, as it could dictate the rest of the day’s movement! ⚠️
Arman Shaban
#XAUUSD #GOLD #FOREX
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Gold is experiencing a sharp decline, and the heavier this drop gets, the larger the liquidity gap becomes, increasing the likelihood that this gap will be filled sooner. In my opinion, this drop is preparing new buyers for the next bullish wave, which will likely be triggered by the potential future conflict between Israel and Iran. Be cautious with your trades and wait for the market to stabilize!
Trade closed: target reached
Done ! Wait for the new analysis ! 
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