Gold Analysis – 15.Oct.2024
Gold Analysis: By analyzing the #Gold chart on the 1-hour timeframe, we can see that, as I mentioned last night, the demand zone between $2,636 and $2,642 was a very critical level. After entering this demand zone, the price encountered buying pressure and has now risen over 170 pips, currently trading around $2,654! The other assumptions from the previous analysis remain valid, and as long as the current support level holds, the next targets for gold will be $2,670, $2,673, and $2,678. Cheers !
(This Post on TradingView)
Author : Arman Shaban
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