Gold Analysis – 05.May.2025
Gold Analysis: By analyzing the gold chart on the 1-hour timeframe, we can see that after last week’s analysis, gold successfully hit the targets at $3237 and $3221. Once it reached that key demand area, we saw renewed buying interest, and today—especially with increasing geopolitical tensions—gold rallied strongly again. Currently, it is trading around $3316. I expect this bullish momentum to continue, with the next potential targets at $3328 and $3345. However, if we see a strong rejection after reaching those levels, gold might drop again below the $3300 zone.
(This Post on TradingView)
Author : Arman Shaban
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