Gold Analysis – 07.Oct.2024

Gold Analysis: By analyzing the #Gold chart on the 30-minute timeframe, we can see that the price opened the market with a negative gap (due to a decreased probability of an Israeli attack on Iran two hours before the market opened). Gold initially corrected down to $2,640 but then experienced an upward move, reaching $2,660 in the past few hours. Currently, Gold is trading around $2,648, creating a new Fair Value Gap (FVG) that extends up to $2,656. I expect this liquidity gap to be filled soon as the price moves higher. (This analysis will be updated.)
(This Post on TradingView)

Author : Arman Shaban
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