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Gold Analysis – 08.Jan.2025

Gold Analysis – 08.Jan.2025

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: Gold prices, in the 4-hour time frame, performed exactly as expected yesterday. It saw a strong rally, hitting the target of $2656 and reaching as high as $2664, entering the marked supply zone. Following this, gold experienced a sharp drop to $2642. Currently, gold is trading around $2650, and if it stabilizes above $2644, we can anticipate further upward movement. The next potential targets are $2655, $2661, $2666, and $2673.
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Author : Arman Shaban
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