Gold Analysis – 03.Dec.2024
Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observed that gold continued its upward movement as expected yesterday, reaching the $2652 level before facing a correction. Currently, gold is trading around the $2640 level.
- Bullish Scenario: If the price stabilizes above $2640, we can anticipate further growth with $2660 as the first target.
- Bearish Scenario: If it fails to hold above this level, a move toward $2623 is very likely.
This analysis will be updated as the situation develops!
(This Post on TradingView)
Author : Arman Shaban
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