Gold Analysis – 12.May.2025

Gold Analysis: By analyzing the gold chart on the 2-hour timeframe, we can see that on Friday, after the price rose to $3248, it once again faced a correction and eventually closed at $3326. I expect that with the market opening, we’ll see further correction from gold, and the first potential target will likely be the $3213–$3216 area.

The key demand zones are $3253–$3274 and the $3313 level.
The key supply zones are $3355–$3369 and $3395–$3408.
(This Post on TradingView)

Author : Arman Shaban

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