Gold Analysis – 25.Jul.2024
![XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban](https://armanshaban.com/wp-content/uploads/2024/07/photo_2024-07-25_15-17-37.jpg)
Gold Analysis: Upon reviewing the #gold chart on the 2-hour time frame, we see that after hitting both targets at $2420 and $2429 and reaching as high as $2432, gold faced selling pressure and couldn’t register further gains, resulting in a total return of around 320 pips. Now that gold has declined to lower levels, it has become more attractive for buying and has created liquidity gaps that I expect to be filled soon. If the support holds in the marked areas on the chart, we might see the price rise to $2393 as the first target.
An important scenario to watch : If the price experiences a significant drop and falls below $2348, monitor the price action in that area closely. After gathering liquidity below this level, we might witness a strong upward jump.
(This Post on TradingView)
Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :
– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram