Gold Analysis – 04.Feb.2025

Gold Analysis: By analyzing the 1-hour gold chart, we can see that, as expected, gold made a strong bullish move, rising from $2810 to $2830 and hitting all three targets at $2812, $2817.2, and $2820, delivering a 200+ pip gain! After reaching a new ATH at $2830, gold went through a correction down to $2807, but buying pressure remains strong, pushing the price back up to $2823 at this moment. Given the current momentum, I expect further upside movement toward higher levels. The next bullish targets (both short-term and mid-term) are $2829, $2836.5, $2843.4, $2853, and $2865.9!
(This Post on TradingView)

Author : Arman Shaban
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