Gold Analysis – 10.Jul.2024
Gold Analysis: By Analyzing the #Gold chart on the 4-hour time frame, we observe that, as expected, gold faced heavy selling pressure after an initial rise to the $2368 area yesterday. It corrected over 190 pips, dropping to $2349.5, hitting our first two targets. Subsequently, gold gathered liquidity below $2351, encountered buying pressure, and managed to rise again to $2374. We will see today if the price gets rejected from this level once more. The new analysis will be updated soon!
(This Post on TradingView)
Author : Arman Shaban
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