Gold Analysis – 16.Oct.2024

Gold Analysis: By analyzing the gold chart on the 1-hour timeframe, we can see that, as expected, all the bullish targets for gold were hit today—specifically $2670, $2673, and $2678. The price even managed to climb further, reaching $2682, surpassing $2680! After hitting this key level, we observed a correction down to $2675. If the price holds its support at this level, we might see another push back up to $2680. My overall view remains bullish, and I believe we will soon see the price reaching above $2700. So far, this analysis has yielded more than 800 pips in profit. Cheers !
(This Post on TradingView)

Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :

– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram