Gold Analysis – 05.Feb.2025
Gold Analysis: By analyzing the 1-hour gold chart, we can see that, as expected, gold continued its bullish run, successfully hitting all targets at $2829, $2836.5, $2843.4, $2853, and $2865.9, delivering an impressive 600+ pip gain! Today, gold surged to a new all-time high (ATH) of $2877 and is currently trading around $2868. At this moment, there are no clear signs of a reversal on the chart. However, if the price stabilizes below $2870, we might see a minor correction. For now, I prefer to wait for more market stability before looking for a solid trade trigger!
(This Post on TradingView)
Author : Arman Shaban
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