Gold Analysis – 21.Nov.2024
Gold Analysis: By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price continues to rise due to escalating tensions between Russia and Ukraine, as well as Hezbollah and Israel. The price has been extending its rally since yesterday and is currently trading around $2665. In my opinion, after such a significant rally, we can start expecting a minor correction in the price. Be cautious, as gold’s movements have been extremely volatile and risky these days. If you lack sufficient experience, you might end up losing your capital. Reduce your risk to a minimum, avoid trading through Market Execution, and preferably identify key levels in advance. Enter trades only when the price reaches those levels and triggers a suitable setup. The key supply levels are $2670-$2673, $2682-$2699, $2704-$2711, and the key demand levels are $2654, $2642, $2636, $2616, $2610, $2567. (This analysis will be updated.)
(This Post on TradingView)
Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :
– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram
