Gold Analysis – 28.Feb.2024
Gold Analysis: As you can see, yesterday, after the announcement of Durable Goods Orders and CB Consumer Confidence, we saw the initial upward movement of gold, But due to the fact that the market expected this rate to fall to a large extent and the so-called news was anticipated, Gold faced selling pressure again because, as I said in the previous analysis, the range of $2038 to $2042 was a very important range of supply for gold, and for this reason, this zone stopped the further growth of gold And we saw the price fall to $2025 until this moment! Based on the analysis of 26.02.2024, I expected the drop to $2023 as the next target, and we have to see if today will finally reach this range or not!
(This Post on TradingView)
Author : Arman Shaban
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