Gold Analysis: Expecting Heavy Fall to $2345-$2340
Gold Movement Analysis
Date of Analysis: 04th July 2024
Key Levels:
Resistance Break: $2363
Current Range: $2353-$2360
Current Situation:
Gold broke the resistance in the H1 chart, reaching up to $2363. The FOMC Meeting Minutes news did not cause significant movement, resulting in gold trading within the $2353-$2360 range.
Expected Movement:
Today, we anticipate a heavy fall in gold prices, targeting a drop to $2345-$2340.
Date of Analysis: 04th July 2024
Key Levels:
Resistance Break: $2363
Current Range: $2353-$2360
Current Situation:
Gold broke the resistance in the H1 chart, reaching up to $2363. The FOMC Meeting Minutes news did not cause significant movement, resulting in gold trading within the $2353-$2360 range.
Expected Movement:
Today, we anticipate a heavy fall in gold prices, targeting a drop to $2345-$2340.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.