Gold Analysis – 04.Feb.2024

Gold Analysis – 04.Feb.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By checking the $GOLD chart, we can see that on Friday, with the announcement of the NFP statistics, gold started a heavy fall and was able to correct even up to $2028! After that, it was again accompanied by demand and started to grow, which was as expected because we had observed the important range of $2032 for possible demand! Gold finally managed to grow to 2039.750 and close at this price! Now, for the coming week, I expect that gold will continue to grow by maintaining the support of $2032! If this growth continues, its possible targets will be $2042, $2044, $2047, and $2052, respectively! (After this growth, I expect gold to fall again)
(This Post on TradingView)

Author : Arman Shaban
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