Gold Analysis – 01.Aug.2024
Gold Analysis: By analyzing the #Gold chart in the 2-hour timeframe, we can see that the gold price continued its upward movement due to tensions in the Middle East, reaching up to $2,458.5. Gold futures also set a new all-time high in the Asian session today, climbing to $2,502. Currently, the spot gold price is trading around $2,455. We need to see how it reacts to the $2,457 to $2,463 range. My outlook on gold remains bullish, and we might see gold prices rise further and set a new all-time high in the short term.
(This Post on TradingView)
Author : Arman Shaban
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