Gold Analysis – 13.Feb.2024
Gold Analysis: Gold dropped from $2031 to $1990! Well, as you can see, based on the expectation and scenario we had, the CPI rate was announced higher than expected, and this caused a heavy fall in gold! With the arrival of the news, the price first entered the supply range of $2031 to collect liquidity, and then it was accompanied by a heavy fall and was able to correct by more than 400 pips to $1991! The price finally filled the FVG that it created 2 months ago with today’s downward movement! The important demand range ahead is $1978 to $1987 ! Key Point : Gold has created a huge liquidity Void with its fall from $2031 to $1990, which I expect to be filled in the medium term! If this analysis is useful for you, I would appreciate it if you support this analysis with your likes and comments through this link, and at the end, write to me what price you think gold will be closed on by Friday!
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Author : Arman Shaban
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