Gold Analysis – 02.May.2024

Gold Analysis – 02.May.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: : By examining gold in the 2-hour time frame, we see that the price, as we expected, was accompanied by heavy fluctuations with Mr. Powell’s speech and was able to grow up to $2328! After that, gold faced supply pressure again and was able to correct up to $2285 in the last hour! Note that the range of $2283 to $2288 was one of the important demand ranges, which is why the price reacted positively to this level and is currently trading in the range of $2299, this growth may continue up to $2320., but we will not prejudge for now and we will wait for the price to stabilize!
(This Post on TradingView)

Author : Arman Shaban
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