Gold Analysis – 09.Feb.2024
Gold Analysis: Well, as you can see, gold managed to correct up to $2020, and after re-entering the demand range specified on the chart, it faced buying pressure, and for the time being, gold has been prevented from further falling! Pay attention that we are in the final hours of the market and the price will probably close in this range ($2022 to $2027) ! In the next week, we will probably have an initial positive reaction, and then, if the price penetrates below $2020, we will probably see a further drop in gold! I hope you made the most of this week’s analysis and have a great weekend too !
(This Post on TradingView)
Author : Arman Shaban
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