Gold Analysis – 05.Feb.2024
Gold Analysis: By examining the gold chart in the daily time frame, we can see that after the last analysis, the price of gold rose up to $2062 to collect more liquidity, and after reaching $2065, it faced a heavy fall, And the price on Friday and today was able to correct up to $2015 with a further drop! We saw more than 500 pips falling in less than 2 days! Now, only if the price stabilizes below $2040, we can expect more fall from gold! The next important demand range is between $1997 and $2007! The short-term downward targets for gold are $1973, $1965, $1932 and $1884, respectively!
(This Post on TradingView)
Author : Arman Shaban
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