Gold Analysis – 10.Apr.2024
Gold Analysis: By checking the gold chart in the weekly time frame, we see that the price is trading in the range of $2348, today we will have the CPI statistics, and if the actual rate is announced higher than the predicted rate, we can expect a fall in gold.
I still don’t see any signs of price reversal on the chart and I think we should wait for more powerful movements to change the trend or even a price correction!
If the price starts to fall, its targets are $2338, $2330 and $2312 respectively!
If the price above the $2345 level is supported, we can expect growth to higher targets such as $2360, $2370, $2380 and $2400!
Author : Arman Shaban
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