Gold Analysis – 05.Aug.2024
Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that the price continued its decline and entered the demand zone at $2365. Following this, there was a strong demand surge, and moments ago, the price even rose to $2395. Considering the heavy decline, a significant liquidity gap (FVG) has formed, which I expect to be filled by a price increase in the short term.
(This Post on TradingView)
Author : Arman Shaban
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