Gold Analysis – 04.Jun.2024
Gold Analysis: By analyzing the gold chart on the 2-hour timeframe, we observe that yesterday, after reaching the $2342 range, the price declined and managed to correct to $2335. Subsequently, when it moved towards the Bearish Order Block for further liquidity accumulation ($2342 to $2356), it experienced a more significant drop and is currently trading around $2329. After an initial positive reaction in this range, we might witness further declines in gold. Therefore, we refrain from making further predictions based on the chart and proceed step by step with the price.
(This Post on TradingView)
Author : Arman Shaban
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