Gold Analysis – 16.Jan.2024
Gold Analysis: As you can see, yesterday the price re-entered the Rejection Block with an initial growth from the range of $2050 to $2056, which I talked about with you, and after this price growth, it was again accompanied by selling pressure, And this time, it could not maintain itself above the support of $2045 and in an attractive way to fill the liquidity void (LV) in the purple range that I had specified, it started to fall heavily and is currently trading in the range of $2038! The first demand zone is in the range of $2029 to $2035! If the price falls again after the initial reaction to this level, we will probably see a fall again to levels below 2016$! This analysis will be updated!
(This Post on TradingView)
Author : Arman Shaban
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