Gold Analysis – 21.Jan.2025
Gold Analysis: By analyzing the 4-hour gold chart, we see that the price finally broke out of the neutral range of $2702-$2714 today, reaching as high as $2733 and clearing liquidity above $2727. After this liquidity grab, gold experienced a slight correction, retracing to $2717. Currently, the price is trading around $2722. As the New York market opens, we’ll see if gold can establish its next trend. It’s still too early to declare a bearish shift, as the bullish trend remains intact until the price breaks and stabilizes below $2688. For now, consider these levels for positions:
- Supply Zones: $2727, $2742, $2753
- Demand Zones: $2717, $2711, $2703
This analysis will be updated accordingly!
(This Post on TradingView)
Author : Arman Shaban
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