Gold Analysis – 21.Jan.2024
Gold Analysis: By examining gold in the 4-hour time frame, we see that after being supported in the range of $2023, the price was able to grow again up to $2030 and finally close at $2029.620! I think that with the opening of the market, we will see another upward movement of gold, the possible targets of which will be $2032, $2035, and $2039! To determine the next trend, we have to wait for the break and stabilization of the price above $2039 or below $2020! In this case, we can say what trend the price will take in the rest of the week! Due to the fact that there is a lot of possibility of correcting of DXY , for this reason, the expectation of gold’s growth is more than its fall, but we do not prejudge at the moment and wait to see what will happen when the market starts!
(This Post on TradingView)
Author : Arman Shaban
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