Gold Analysis – 22.Apr.2024
Gold Analysis: By examining gold in the 1-hour time frame, we see that according to the latest analysis, exactly as we expected, gold faced an initial negative reaction when it entered the specified supply range, and today, with the opening of the market, this drop continued. We saw that the price was able to correct up to $2351 with more than 400 pips and collected the liquidity below the level of $2355!
The structure of the market is changing in the lower time frame and we may soon witness the main corrective wave of gold! Pay attention that due to the fact that the price has just entered the liquidity pool, we may see a slight upward movement, but in the end, my main view is still bearish, and the next possible targets are $2334, $2324, $2319, and $2303, respectively. Are ! (This analysis will be updated)
Gold is falling more! In the past hour, gold started to correct from the range of $2363 and fell to $2339! The total efficiency of this analysis has been more than 600 pips!
Author : Arman Shaban
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