Gold Analysis – 16.Dec.2024
Gold Analysis: Analyzing the Gold chart in the 4-hour timeframe, we can observe that after a correction down to $2643, the price has resumed its upward movement and has so far climbed to $2660. It remains to be seen whether the key support zone between $2635 and $2648 will prevent further downside corrections. If the price stabilizes above this critical level, we can expect gold to rise toward $2675 and then $2680. This analysis will be updated step by step!
(This Post on TradingView)
Author : Arman Shaban
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