Gold Analysis – 07.Jan.2024

Gold Analysis: Well, as you can see, the price of gold, with its growth from $1974 to $2089, created a Big liquidity void in the range of $1997 to $2016 and another one in the range of $2031 to $2083, the second LV as in It was created in 4 days, it was filled in 4 days, and gold managed to fall to $2031 on January 2nd ! On Friday, with the announcement of the NFP statistics, gold temporarily fell to $2025, and then faced buying pressure again and was able to grow to $2063, which Of course, our first bullish target in the analysis that I shared was the price of $2056! After this growth, gold again experienced a drop from $2063 to $2045 and we saw that the weekly candle finally closed at $2045!
Now, if the price can be stabilized below $2056, we will probably see a further fall from gold to lower levels and Our First Bearish target will be in the range of $1997 to $2016 !
(This Post on TradingView)

Author : Arman Shaban

– Related Ideas :

– XAU/USD (GOLD) : 05.Jan.2024
– XAU/USD (GOLD) : 04.Jan.2024
– XAU/USD (GOLD) : 03.Jan.2024
– XAU/USD (GOLD) : 29.Dec.2023
– XAU/USD (GOLD) : 28.Dec.2023

To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :

– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram