Gold Analysis – 11.Jul.2024
Gold Analysis: By analyzing the gold chart on the 4-hour timeframe, we observe that the price is currently trading around $2382. In a few minutes, we will have CPI statistics, and if these figures exceed the predicted rate, it could lead to a decline in gold prices or vice versa! Possible scenarios include the price initially breaking through the $2393 level for liquidity accumulation, even reaching $2404 to fill the old FVG , and then experiencing another decline. Alternatively, the price might start falling right from this current range. Pay attention to the important levels I’ve identified and be cautious during trading around the news!
(This Post on TradingView)
Author : Arman Shaban
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