Gold Analysis – 15.Jan.2025
Gold Analysis: By analyzing the #gold chart on the 4-hour timeframe, we see that, as anticipated, the price has fulfilled all expectations from yesterday’s analysis. First, it dropped to $2660, filling the price gap between $2663 and $2664. Then, after accumulating liquidity, it rallied to fill the significant liquidity void between $2675 and $2683. Currently, it is trading around $2685. Notably, the $2683 to $2691 range is a key supply zone, which the price has already reacted to. However, with the CPI data on the horizon, we could see increased price volatility in this area as more liquidity is gathered before any potential correction. A move above $2700 is not out of the question in the near future. This analysis will be updated further—stay tuned and don’t forget to show your support!
(This Post on TradingView)
Author : Arman Shaban
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