Gold Analysis – 31.Jul.2024
Gold Analysis: By examining the #Gold chart in the 2-hour timeframe, we can see that, as expected and explained in the previous post, gold continued its rise and filled the LV we had marked on the chart, reaching up to $2425. Considering that gold has reached the significant supply zone of $2421 to $2432, the current reaction of the price to this level has been negative, causing a correction down to $2417. Given that market risk is heightened due to the recent terror event and other important news circulating today, we can expect strong and significant price fluctuations. Therefore, be cautious with your trades!
(This Post on TradingView)
Author : Arman Shaban
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