Gold Analysis – 19.Aug.2024
Gold Analysis: By reviewing the latest #Gold chart on the 4-hour timeframe, we can see that on Friday, after reaching the target zone ($2471 to $2477), the price experienced only a brief negative reaction, which was quickly recovered, and finally managed to establish a new high, rising to $2509! Currently, there are no signs of a price reversal in this timeframe. To better predict and analyze gold’s next move, we need to wait for a reversal pattern to emerge. Don’t rush into trading; wait for the price to stabilize! This analysis will be updated tomorrow before the New York session begins.
(This Post on TradingView)
Author : Arman Shaban
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