Gold Analysis – 03.Jun.2024
Gold Analysis: By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow again to the supply zone of $2360. Afterward, it experienced a significant decline, hitting all the previously announced targets. The lowest level at which the price corrected was $2315. Once it entered this demand zone, it faced buying pressure and was able to rise to $2332. It’s possible that the price could reach $2342 to fill its new FVG and then experience another decline in gold. I hope that the recent tutorials in our channel will help you better understand my charts and identify more trading opportunities!
(This Post on TradingView)
Author : Arman Shaban
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