Gold Analysis: Bullish Trend, Targets $2375, $2390, $2430
Gold Movement Analysis
Date of Analysis: 10th July 2024
Key Levels:
Previous High: $2371
Previous Low: $2351
Current Trading Level: $2368
Buy Zone: $2355-$2360
Target Ranges: $2375, $2390, $2430
Current Situation:
In the analysis on 9th July, we anticipated a bullish move in gold, targeting $2380. However, gold reached $2371 before experiencing a significant drop to $2351. It has since bounced back to $2368.
Expected Movement:
Today's analysis suggests another bullish move. We recommend buying in the $2355-$2360 range, with expected targets at $2375, $2390, and $2430.
Conclusion:
Gold has rebounded to $2368 after a drop to $2351. We expect a bullish trend to resume from the buy zone of $2355-$2360, with potential targets of $2375, $2390, and $2430.
Date of Analysis: 10th July 2024
Key Levels:
Previous High: $2371
Previous Low: $2351
Current Trading Level: $2368
Buy Zone: $2355-$2360
Target Ranges: $2375, $2390, $2430
Current Situation:
In the analysis on 9th July, we anticipated a bullish move in gold, targeting $2380. However, gold reached $2371 before experiencing a significant drop to $2351. It has since bounced back to $2368.
Expected Movement:
Today's analysis suggests another bullish move. We recommend buying in the $2355-$2360 range, with expected targets at $2375, $2390, and $2430.
Conclusion:
Gold has rebounded to $2368 after a drop to $2351. We expect a bullish trend to resume from the buy zone of $2355-$2360, with potential targets of $2375, $2390, and $2430.
Trade closed: target reached
Trade closed: target reached
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.