Gold Analysis – 27.Aug.2024
Gold Analysis: By analyzing the #Gold chart on the 2-hour timeframe, we observe that, as expected, the price had an initial negative reaction to the identified supply zone, dropping from $2527 to $2503! The total return so far has been over 230 pips, and currently, gold is trading around the $2510 range. We now need to see if the price can break below $2500 again today or if we should expect a break above the previous high of $2532!
(This Post on TradingView)
Author : Arman Shaban
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