Gold Analysis – 10.May.2024

Gold Analysis – 10.May.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By checking the gold chart in the 2-hour time frame, we can see that yesterday’s price started growing earlier than we expected and was able to increase by more than 700 pips to $2379! Now gold is trading in the range of $2361 and we will probably see more price correction! The supply ranges are $2369 to $2379 and $2389 to $2402 respectively! Demand levels are $2335 (first target), $2329 and $2323 respectively! So first we will see an upward movement again and then the price will fall!
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Author : Arman Shaban
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