Gold Analysis – 03.Sep.2024

Gold Analysis: Upon re-examining the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price started to rise from the $2484 level and quickly increased by over 150 pips to reach $2502. After that, it experienced a sharp decline, correcting down to $2473! The total return from this analysis so far has been over 500 pips! Currently, gold is trading around the $2485 range, and we’ll need to observe where the price closes in the next 8 hours to predict the next move.
(This Post on TradingView)

Author : Arman Shaban
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