Gold Analysis – 12.Jan.2024
Gold Analysis: As you can see, last night, after the analysis we had, the price was able to experience a strong drop and correct it until $2013! After that, the price was accompanied by relative demand to be able to fill the liquidity void that had been created! After the price had grown to about $2030, the news of the war was published in the market, and this caused gold to grow strongly and grow up to $2056! Probably, this growth will continue until the range of $2061 to $2066 as the first target, and then we have to wait for the price reaction to this level! Pay attention that during times of war, gold is regarded as a safe asset and this will increase its demand and price of it! This analysis will be updated step by step! In addition, the growth that gold has had from $2013 to $2056 has created a large liquidity gap, which is expected to be filled in the short term with the drop in price!
(This Post on TradingView)
Author : Arman Shaban
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