Gold Analysis – 18.Jun.2024
Gold Analysis: By analyzing the gold chart on the 4-hour time frame, we see that, based on yesterday’s analysis, the price started to rise and hit the targets of $2323 and nearly $2328. After that, it began to correct and filled the Fair Value Gap (FVG) in the $2309 to $2315 range. It then rose again to $2326 before correcting back to $2307. Currently, gold is trading around $2318, and we need to see if it will maintain support in this area. The demand zone ranges from $2295 to $2299, while the supply zones are $2319 to $2326, $2328 to $2336, and $2341 to $2343, respectively.
(This Post on TradingView)
Author : Arman Shaban
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