Gold Analysis – 16.Feb.2024

Gold Analysis – 16.Feb.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: As you can see, the price of gold finally managed to reach the important level of 2011$ and the first reaction to this level was negative and caused the price to correct until 2007$! As I said in the main analysis, when the price enters the range of $2011 to $2019, we can expect another drop from gold! As I said in the previous analysis, the main view is still bearish and its possible targets will be $1997, $1985 and $1977 respectively!
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Author : Arman Shaban
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