Gold Analysis – 20.Nov.2024

Gold Analysis: Analyzing the #Gold chart on the 4-hour timeframe, we see that the price managed to climb to $2642 before experiencing a correction, and it is currently trading around $2624. If the price remains below the supply zone of $2632 to $2642, we could expect further downside for gold. Initially, I anticipate a short-term Long, but with a suitable trigger, we can look for a SELL position to capitalize on the potential decline. Keep an eye on the price action and wait for confirmation before entering!
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Author : Arman Shaban
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