Gold Analysis – 29.Apr.2024

Gold Analysis – 29.Apr.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: Upon reviewing the gold chart, we observe that after the price managed to drop to $2320, it encountered some relative demand and rose again. Following the price increase to the $2344 level, we saw that gold once again experienced a decline, correcting down to $2328. The $2329 area is a demand zone, which is why we had a positive reaction to this level. Now, for further decline, we should wait for the price to penetrate and stabilize below $2328. If this occurs, the potential downward targets could be $2320, $2313, and $2303, respectively.
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Author : Arman Shaban
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