Gold Analysis – 14.Nov.2024
Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we observe that after entering the supply zone at $2619, gold followed our expectations and faced a sharp decline, correcting down to $2550 and providing a return of over 670 pips. Currently, gold is trading around $2558, and as mentioned in the previous analysis, the $2555-$2562 zone is a key demand area that has temporarily halted further decline. We need to monitor whether gold can stabilize above $2565 in the next two hours. Before another potential drop, a short upward movement from gold is expected. (This analysis will be updated as needed.)
(This Post on TradingView)
Author : Arman Shaban
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