Gold Analysis – 23.Feb.2024

Gold Analysis – 23.Feb.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By re-examining the gold chart in the 4-hour time frame, we see that as we expected, gold finally continued to fall and was able to correct up to the last target drawn on the chart ($2016) ! After that, the price rose to $2029 to fill the new liquidity void that caused by this drop, and then it has been accompanied by a minor correction! If the price stabilizes below $2029, we will see a further drop in the price in the coming week, the possible mid-term targets will be $2005, $1995, and $1987, respectively!
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Author : Arman Shaban
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