Gold Analysis – 18.Jul.2024
![XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban](https://armanshaban.com/wp-content/uploads/2024/07/photo_2024-07-18_15-29-33.jpg)
Gold Analysis: By examining the gold chart on the 30-minute timeframe, we observe that after a CHOCH and a break in market structure (BMS) at the $2466 and $2462 levels, gold experienced a further decline, correcting down to $2451. Currently, the price is trading around $2465. Given the structure formed on the chart, we can anticipate another potential drop to $2451 as the first target. This analysis will be updated accordingly afterward.
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Author : Arman Shaban
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