Gold Analysis – 29.Jul.2024
Gold Analysis: By analyzing the #gold chart on the 2-hour timeframe, we observe that, as expected, the price continued its upward movement with the market opening. It managed to completely fill the targeted Fair Value Gap (FVG) and hit the $2393 target! Ultimately, gold reached up to $2403.3, providing us with nearly 500 pips of profit. After collecting liquidity above the $2401.4 level, it underwent a correction and is currently trading around $2390. If the price can stabilize above $2389, we could witness another upward movement in gold!
(This Post on TradingView)
Author : Arman Shaban
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