Gold Analysis – 22.Aug.2024
Gold Analysis: By reviewing the #gold chart on the 2-hour timeframe, we can see that, as expected, the price sharply corrected to fill the FVG that had formed between $2506 and $2520. After entering the demand zone at $2506, gold experienced a strong upward movement, pushing back up to $2520! This analysis resulted in a gain of over 380 pips. Currently, gold is trading around $2505, and if it can stabilize above $2495, we can anticipate further growth. Otherwise, we may see a decline in gold prices to levels below $2490.
(This Post on TradingView)
Author : Arman Shaban
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