Gold Analysis – 16.Feb.2024

Gold Analysis – 16.Feb.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By re-examining the gold chart, we see that according to our expectations, gold continued to grow and has been able to grow up to $2008! Today we will have the important statistics of PPI, if the Actual rate is announced higher than expected rate, we can see the growth of the dollar index (DXY) and the fall of the gold price! In my opinion, it is possible that today the price will have a growth up to the range of 2011$ to 2019$ and then finally it will face a further fall, and the targets of this possible fall will be 1997$, 1985$ and 1977$, respectively!
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Author : Arman Shaban
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