Gold Analysis – 17.Jan.2025
Gold Analysis: Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717. If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction. Stay tuned for updates once the confirmations are in place!
(This Post on TradingView)
Author : Arman Shaban
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