Gold Analysis – 15.Jul.2024
Gold Analysis: By analyzing the 6-hour chart of gold, we observe that, as expected, the price rose to $2439, entering its old supply zone (Bearish OB). It then experienced a strong reaction, dropping from $2439 to $2425, and is currently trading around $2427. We need to see whether the price decline will continue from this level or if we should expect a new high for gold.
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Author : Arman Shaban
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