Gold Analysis – 23.Jan.2025
Gold Analysis: By examining the gold chart in the 4-hour timeframe, we see that the price had a correction to the range of $2740 yesterday and today, which was again accompanied by demand pressure. Currently, it is trading in the range of $2753. Likely, with the pullback, the price has gathered more liquidity and now has more power to rise. The price faces several important supply levels ahead, which, if broken, could see gold rise to $2770. These important supply levels are $2755, $2757, and $2759, respectively.
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Author : Arman Shaban
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