Gold Analysis – 01.Oct.2024
Gold Analysis: By analyzing the gold chart on the 30-minute timeframe, we can see that yesterday, as expected, the price finally dropped to $2624. After reaching this key demand level, it experienced a bullish move and has risen over 250 pips to $2650 so far. The $2651 to $2656 range is a key supply zone, and I expect a price correction once it reaches this area. Keep an eye on the price reaction at this level! (This analysis will be updated.)
(This Post on TradingView)
Author : Arman Shaban
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