Gold Analysis – 15.Nov.2024
Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we can observe that after dropping to $2537, a significant liquidity gap was created. Subsequently, gold managed to stabilize above $2560 and $2565, forming a new bullish order block. Currently, the price is consolidating above this order block, and if it successfully holds above $2560, we can anticipate further upward movement. However, if this level fails to hold, targets below $2537 and even $2500 might come into play. This analysis will be updated step by step in accordance with price movements. Stay tuned!
(This Post on TradingView)
Author : Arman Shaban
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