Gold Analysis – 24.Jan.2024
Gold Analysis: By checking the XAUUSD chart, we see that the price continued to fall as expected and finally stopped at the price of 2021$! After the price reached this range, gold started growing again and today it was able to grow even up to $2034! Now the price is trading again in the important range of $2032 and this time is likely to attack the liquidity pool above $2039! After penetrating to this level, if gold manages to stabilize above $2039, we can expect more growth from gold to higher targets such as $2044, $2048, and $2055! (Important condition of bullish scenario: stabilization above $2032)
(This Post on TradingView)
Author : Arman Shaban
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