Gold Analysis – 08.Aug.2025
Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we can see that after our analysis a few hours ago, the price climbed from $3391 to $3402, delivering about 110 pips in returns. Interestingly, gold then consolidated around $3400 for several hours before suddenly dropping sharply to $3377. Upon hitting this key level, strong demand kicked in, pushing the price back up to $3404 in just one minute! Gold is now trading around $3398, and the focus is on where the weekly candle will finally close in the next few hours. Hope you’ve made the most of this analysis, and wishing you an amazing weekend ahead!
(This Post on TradingView)
Author : Arman Shaban
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