Gold Analysis – 22.Mar.2024
Gold Analysis: By re-examining the gold chart in the weekly and 1-hour time frame, we see that after the price growth up to $2200, the price faced selling pressure after collecting liquidity above the previous high and was able to fall even to $2162! Pay attention that yesterday I specified 3 important levels for you ($2173, $2168, $2162), which after the price reached the first two levels, gold managed to grow by more than 180 pips up to $2186! After that, the price fell to the third level of $2162 and rose again with 75 pips to $2170! Now the price is trading in the range of $2166! The possibility of price growth to higher levels is high, and the possible targets of this growth are $2173, $2180, $2196, and $2203, respectively! The new demand ranges are $2157 to $2160, $2150 to $2155, and $2146 to $2146 respectively!
(This Post on TradingView)
Author : Arman Shaban
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