Gold Analysis – 20.May.2024

Gold Analysis – 20.May.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By checking the gold chart in the weekly time frame, we see that today’s price was able to reach a new ATH of $2450 by conquering the previous peak! As you know, there was a liquidity pool above the previous ATH , and for this reason, the price has faced a slight correction after reaching this level! Pay attention that it is very important to monitor the price movement this week, because if the price stabilizes above this level, we will see the growth of gold up to $2550 in the short term! This analysis will be updated!
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Author : Arman Shaban
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