Gold Analysis – 05.Aug.2024
Gold Analysis: By analyzing the #Gold chart on the 4-hour time frame, we observe that, as per our previous analysis, gold successfully filled the targeted FVG and hit the targets of $2450 and $2456. Immediately after reaching these targets, it experienced a heavy drop and is currently trading around $2388, having corrected over 700 pips. The return on this analysis has been over 900 pips since last night! We need to see if the price can stabilize below $2400 again. Today’s market is highly volatile across all sectors, so be careful with your trades! I hope this analysis has been helpful to you (this analysis will be updated). Watch the initial price reaction to the zones $2385-$2392, $2365-$2374, and $2347-$2353 closely!
(This Post on TradingView)
Author : Arman Shaban
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