Gold Analysis – 29.Nov.2024
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can see that, as expected yesterday, the price continued its upward move, delivering an additional 200 pips of profit as it reached the supply zone at $2,666. Following this, as anticipated, the price reacted to the supply level and corrected downward by 100 pips to $2,655. Currently, gold is trading around $2,663, and this analysis remains valid. Key upcoming supply levels to watch are $2,669, $2,671, and the range of $2,688 to $2,695. Keep an eye on how the price reacts to these levels.
(This Post on TradingView)
Author : Arman Shaban
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