Gold Analysis – 21.May.2024

Gold Analysis – 21.May.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By examining the gold chart on the 15-minute timeframe, we observe that as expected, it faced a significant decline upon entering the specified supply range and managed to drop by 220 pips to the level of $2418! Currently, the price is trading around $2419, and two next scenarios have been identified on the chart. With the recent decline, a new FVG (Fair Value Gap) has emerged in the range of $2425 to $2427.5, which we may witness filling in the short term. I hope that today’s gold analysis has been profitable for you, and you’ve been able to make the most of it! Thank you for your strong support today!
(This Post on TradingView)

Author : Arman Shaban
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