Gold Analysis – 30.May.2024

Gold Analysis – 30.May.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold Analysis: By examining the gold chart on the 2-hour timeframe, we observe that the price, as expected, began to decline and hit the target of $2325. Ultimately, after collecting liquidity below $2325, it faced demand pressure again and is currently trading in the range of $2345! It is likely that we will first witness gold growth up to the range of $2350 to $2360, and then expect further decline from gold. Therefore, the main perspective remains bearish! The next targets are $2323, $2315, and $2303 in order.
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Author : Arman Shaban
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