Gold Analysis – 11.Dec.2023

Gold Analysis – 11.Dec.2023

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By analyzing the gold chart in the weekly time frame, we see that the price was able to penetrate below $2000 in the past week and finally close at the price of 2004.440 ! The yield of the main analysis has been more than 750 pips, and considering that we are in a week full of important news, I will expect a lot of price fluctuations! The important supply zones are $2034 to $2038, $2044 to $2046 and $2071 respectively, and the important demand zones are $1992 to $1994, $1964 to $1966 and $1939 respectively! Still, the main view on this chart is bearish! (more details in the next analysis in the daily time frame)
(This Post on TradingView)

Author : Arman Shaban

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