Gold Analysis – 22.May.2024
Gold Analysis: By examining the gold chart on the 15-minute timeframe, we observe that the price has once again started to rise as expected, filling the FVG range between $2425 and $2427.5. However, after reaching this zone, it faced selling pressure and declined to $2410.7. The performance of this analysis has yielded over 230 pips since last night, totaling approximately 450 net pips from yesterday until now. As you know, the current gold range is an important demand zone, which means there is a high likelihood of positive price fluctuations. Keep an eye on the significant supply levels at $2417 to $2419.5. The important demand levels are in the order of $2405 to $2408.5 and $2409.5 to $2410.8.
(This Post on TradingView)
Author : Arman Shaban
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