Gold Analysis – 11.Dec.2024
Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we can observe that, as expected, the price experienced an impressive rally yesterday, reaching $2704 before undergoing a significant correction. The price reacted strongly to the supply zone we had identified on the chart, ultimately retracing to $2676. After reaching the critical demand zone at $2676, the price rebounded and is currently trading around $2695. It will be important to monitor how the price responds to this level! (This analysis will be updated step-by-step for you.) I hope you’ve made the most of the analyses this week!
(This Post on TradingView)
Author : Arman Shaban
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