Gold Analysis – 01.Feb.2024

Gold Analysis – 01.Feb.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By checking the gold chart in the daily time frame, we can see that yesterday the price fluctuated a lot as expected and even managed to grow up to $2056, after which it faced a heavy selling pressure and managed to fall to $2031! The noteworthy point is that the price has fluctuated a lot in the last 2 days, but it has not been able to close above the price of $2040, and this is an important event in order to know more about the possibility of gold falling! If gold closes below $2030 today, we can expect a further drop from gold to lower targets such as $2027, $2020, and $2010! I hope this analysis is useful for you as always!
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Author : Arman Shaban
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