Gold Analysis – 05.Sep.2024
Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that after yesterday’s analysis, the price started to drop from the identified zone and almost hit our first target with a decline to $2482! After this drop, gold experienced another rise, and as I had anticipated for the past two days, it finally filled the FVG (Fair Value Gap) between $2506 and $2515. Currently, gold is trading around $2519, and we need to see if it will be rejected from this level or not. This is the fifth time the price has reached this critical zone, and I believe there is a possibility of breaking this resistance. So, be cautious with your personal trades and wait for the market to stabilize!
(This Post on TradingView)
Author : Arman Shaban
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