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Gold Analysis – 06.Aug.2024

Gold Analysis – 06.Aug.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By analyzing the #Gold chart, we can see that the price, as expected, started to decline from the $2414 area and, with a 350-pip return, managed to correct down to $2381, hitting all three of our specified targets)! Currently, gold is trading around the $2394 area, and after a short upward movement, I expect further declines in gold (remember to consider the risk of war and its impact on the price of gold).
(This Post on TradingView)

Author : Arman Shaban
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