Gold Analysis – 09.May.2025
Gold Analysis: By analyzing the gold chart on the 2-hour timeframe, we can see that the price started rising yesterday just as expected, hitting the first target at $3355 and nearly reaching the second target around $3370 before entering another corrective phase.
This analysis has yielded nearly 200 pips so far. Considering the price pulled back to $3274 and then climbed again to $3340, I believe that if gold stabilizes below $3340, we might see further downside.
The first potential bearish target lies in the $3312–$3316 zone.
I hope you’ve made the most out of every single opportunity this week. Wishing you all continued success!
(This Post on TradingView)
Author : Arman Shaban
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