Gold Analysis – 03.Dec.2024
Gold Analysis: Analyzing the gold chart in the 4-hour timeframe, we see that after today’s analysis, the price rose to $2656, followed by a correction. Later, with the release of the JOLTS Job Openings data, gold experienced a further decline, eventually rebounding from the $2635 level. Currently, gold is trading around $2648, with the possibility of further upward movement.
Key Levels to Watch:
📉 Supply Zones (for potential sells): $2660, $2669, $2671, and $2688-$2695
📈 Demand Zones (for potential buys): $2634, $2617, $2606, and $2584-$2595
(This Post on TradingView)
Author : Arman Shaban
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