Gold Analysis – 29.May.2024
![XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban](https://armanshaban.com/wp-content/uploads/2024/05/photo_2024-05-29_23-54-03.jpg)
Gold Analysis: By examining the gold chart on the 2-hour timeframe, we observe that after our last analysis today, the price first grew to $2346 and then experienced a significant drop to $2334. Overall, the return on this analysis has been over 290 pips so far. If the price can penetrate below $2330 and stabilize, we can expect a further decline to the next important level at $2310. The key demand zone is between $2277 and $2291 (Bullish Rejection Block). I hope this analysis is useful for you as well.
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Author : Arman Shaban
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