Gold Analysis – 03.Sep.2024

Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price entered the $2506 level. After reaching this critical level, it reacted negatively and, according to the analysis, has dropped to $2486, hitting our target! The price might have an initial positive reaction around the $2485 to $2489 range, but my short-term outlook remains bearish. Keep in mind that the FVG (Fair Value Gap) has not been fully filled yet, and I expect this gap to be filled with a price rise to $2512 in the medium term.
(This Post on TradingView)

Author : Arman Shaban
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