Gold Analysis – 08.Feb.2024
Gold Analysis: As you can see, about 3 hours ago, the Unemployment Claims statistics of this week were announced and the result was lower than the expected rate! When the Actual rate is announced lower than the expected statistics, it strengthens the dollar index, which caused gold to fall to the range of 2020 dollars! After the price reached the demand range of $2020, it was accompanied by buying pressure, and gold started to grow up to $2034 to fill the new FVG it made! Now the price level of $2034 has become an important resistance barrier, and if the price stabilizes below this range, we can expect more fall from gold! (This analysis is complementary to the previous analysis)
(This Post on TradingView)
Author : Arman Shaban
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