Gold Analysis – 05.Feb.2024

Gold Analysis – 05.Feb.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: s you can see, gold managed to hit the target of $2042 ✅ last night with its initial growth, and after that it faced further correction and fall and is currently trading in the range of $2022! Although I expected a correction from gold, but it started falling earlier than I expected and after hitting the first target, which of course is a good thing and it means that the power is still in the hands of the SELLERS, they don’t allow more correction! We do not prejudge more than this and we have to wait for the opening of the NY market, because the price may hit a new Lower Low in the London session, but it will rise again until the New York session! This analysis will be updated!
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Author : Arman Shaban
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