Gold Analysis – 07.Aug.2025
Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from yesterday’s analysis, gold found support above the key level and rallied from $3372 to $3398. Upon reaching this critical zone, it faced heavy selling pressure and dropped back down to $3371. Now trading around $3385, if gold holds above $3372, we could see another push toward the next target at $3399.
Since the sharp drop we anticipated around $3399 already occurred slightly earlier at $3398, we may not see the same strong rejection again but the $3399–$3406 supply zone remains important and should still be watched closely. New trade setups will be posted soon stay tuned, friends!
(This Post on TradingView)
Author : Arman Shaban
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