Gold Analysis – 03.Jan.2025
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that after our last analysis, the price corrected to $2605 and then experienced strong demand, pushing gold up to $2665. During its upward movement, the price reacted multiple times to the levels highlighted in the previous analysis, but buyers proved stronger than sellers, resulting in this impressive rally. Currently, gold is trading around $2656. If the price stabilizes above $2650, we can anticipate further upward movement. However, if gold fails to break and sustain above $2662, a deeper correction might follow. Keep these scenarios in mind and stay tuned for an updated analysis!
(This Post on TradingView)
Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :
– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram
