Gold Analysis – 08.May.2025
Gold Analysis: Analyzing the gold chart on the 2-hour timeframe, we observe that after stabilizing above $3366 yesterday, the price managed to rally up to $3414, partially filling the FVG marked on the chart. Following that, gold experienced another drop from $3414 to $3319. Upon reaching the demand zone identified on the chart, it encountered fresh buying interest and is currently trading around the $3350 level. If the price manages to hold above this demand zone, I expect further upside movement. The next potential bullish targets are $3355, $3373, and $3395. So far, this analysis has yielded a return of over 1400 pips.
(This Post on TradingView)
Author : Arman Shaban
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