Gold Analysis – 02.Aug.2024
Gold Analysis: As you can see, gold started to decline from the supply zone at $2460 and corrected down to $2430. However, it then faced a surge in demand and was able to climb up to $2468.5. Currently, gold is trading around $2459. If today’s NFP data is announced to be lower than the forecasted rate, it could lead to further growth in gold prices and vice versa. If gold rises, its targets will be $2469, $2473, and $2479, respectively. This analysis will be updated!
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Author : Arman Shaban
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