Gold Analysis – 07.Aug.2024
Gold Analysis: By examining the gold chart in the 2-hour timeframe, we observe that the price is currently trading around $2398. We are still waiting for the price to reach the range of $2403 to $2410, after which we can prepare for a sell position with an appropriate trigger. Note that the risk of war due to high tensions in the Middle East remains high, which could cause a boost in the gold price, potentially pushing it above $2500. At the moment, we are following the price with our analysis and are trying not to prejudge it too much. We will wait for the price to reach the desired and attractive levels for trading. This analysis will be updated.
(This Post on TradingView)
Author : Arman Shaban
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