Gold Analysis – 05.Jan.2024

Gold Analysis: Well, as you can see, yesterday, gold was able to grow up to $2051, and after that, the price dropped again, and it is currently trading in the range of $2038! We have to see whether the NFP statistics will be announced today more than expected or less! If the actual rate is announced higher than the forecast, we will see a heavy fall in gold, and otherwise, gold will move to higher targets again! My first scenario is that gold will see lower targets like $2031 and $2020 in the short term! Be careful of extreme market movements and minimize your risk!
(This Post on TradingView)

Author : Arman Shaban

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