Gold Analysis – 19.Aug.2024
Gold Analysis: By reviewing the latest #Gold chart on the 6-hour timeframe, we can see that the price has dropped over 230 pips since last night, and as expected, we’re starting to see the first signs of a price reversal on the chart! A large Fair Value Gap (FVG) between $2465 and $2486 was created on Friday with the price surge, and I expect this gap to be filled soon. Keep a close eye on how the price reacts to the levels of $2486, $2480, $2473, $2468, and $2463.3.
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Author : Arman Shaban
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