Gold Analysis – 07.Feb.2024

Gold Analysis – 07.Feb.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: Well, as I announced in today’s GOLD NEWS , the global demand for gold has increased, and for this reason, the price tends to grow again! On the last day, after reaching the specified supply range, the price corrected from $2038 to $2030 and was again accompanied by demand, and this time it is trying to fill the next FVG! Currently, the price has reached an important supply level at the price of $2044, and for this reason, the first reaction to this level has been negative! We have to see if the price can stabilize above $2040 or not! If the price stabilizes, we can see the growth of gold up to $2047 and $2052 as the next targets! The next important supply range based on the previous analysis is $2052 to $2056!
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Author : Arman Shaban
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