Gold Analysis – 25.Apr.2024
Gold Analysis: By checking the gold chart in the 1-hour time frame, we can see that yesterday the price corrected to about $2312 and then it came back with the demand and was able to grow up to the next supply range, i.e. $2332 to $2343, and then again It was accompanied by a heavy drop to $2305! As you can see, the price has entered the desired supply range for the fourth time and we have to see if it will be rejected from this level or not! The range of the next supply is $2351 to $2363 respectively! The demand levels are $2320, $2303 and $2284 respectively!
(This Post on TradingView)
Author : Arman Shaban
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