Gold Analysis – 21.Oct.2024
Gold Analysis: By analyzing the gold chart in the 4-hour and 2-hour time frames, we can see that today, the price finally managed to hit the $2727 target with strength and even went beyond it! Based on the previous analysis, the next target for gold is $2743.7, and at the moment, gold has already reached $2738 and is currently trading around this level. Keep in mind that, since the price has never traded at this level before, we need to identify the next supply zones using specific Fibonacci ratios and some other tools! Therefore, be sure to closely monitor how the price reacts to the level I’ve highlighted for you! This bullish rally remains strong, and as of now, there are no signs of a price correction visible on the chart!
(This Post on TradingView)
Author : Arman Shaban
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