Gold Analysis – 16.Jul.2024
Gold Analysis: By analyzing the #Gold chart in the 6-hour timeframe, we observe that the price dropped to $2420 after last night’s analysis. However, it then saw increased demand and rose to $2443! Gold is now trading in the specified supply zone ($2439), and we need to see if it will be rejected from this zone or not. It is possible that before the main drop, gold might create a new high above $2450 to gather liquidity, and then start its decline.
(This Post on TradingView)
Author : Arman Shaban
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