Gold Analysis – 12.Jun.2024
Gold Analysis: By analyzing the #gold chart in the 2-hour time frame, we can see that the price has finally dropped below the $2,300 level and reached the demand zone at $2,288. As you can see, the initial reaction to this level has been positive. Only if the price stabilizes above the $2,277 to $2,288 range can we expect further short-term growth in gold. With the significant drop in gold, a large FVG (Fair Value Gap) and LV (Liquidity Void) have been created, which I expect will be filled in the medium term. The expected return of this analysis is a minimum of 40 to 100 pips, and in the best-case scenario, up to 700 pips.
(This Post on TradingView)
Author : Arman Shaban
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