Gold Analysis – 07.May.2024

Gold Analysis – 07.May.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By re-examining the gold chart in the 2-hour time frame, we can see that yesterday the price penetrated above $2330 to collect liquidity, and then it fell and was able to hit the first target of $2312. Please note that the level of $2312 is a The important demand level and therefore the reaction to it was positive, now if the price penetrates below this level again, we can expect more fall from gold and the next targets are $2308 and $2303 respectively!
(This Post on TradingView)

Author : Arman Shaban
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