Gold Analysis: Bullish Trend Expected, Targeting $2380-$2390
Gold Movement Analysis
Date of Analysis: 09th July 2024
Key Levels:
Previous Low: $2355
Current Trading Range: $2360-$2365
Expected Target Range: $2380-$2390
Current Situation:
As predicted in the analysis on 8th July, gold experienced a heavy fall, reaching $2355 before bouncing back to $2368. It is now trading at $2365.
Expected Movement:
We anticipate a bullish trend in gold. The recommended buy range is $2360-$2365, with an expected rise to $2380-$2390.
Conclusion:
Gold has shown a strong recovery after reaching $2355 and is currently trading at $2365. A bullish trend is expected, with potential gains up to $2380-$2390. The current buy range is $2360-$2365.
Date of Analysis: 09th July 2024
Key Levels:
Previous Low: $2355
Current Trading Range: $2360-$2365
Expected Target Range: $2380-$2390
Current Situation:
As predicted in the analysis on 8th July, gold experienced a heavy fall, reaching $2355 before bouncing back to $2368. It is now trading at $2365.
Expected Movement:
We anticipate a bullish trend in gold. The recommended buy range is $2360-$2365, with an expected rise to $2380-$2390.
Conclusion:
Gold has shown a strong recovery after reaching $2355 and is currently trading at $2365. A bullish trend is expected, with potential gains up to $2380-$2390. The current buy range is $2360-$2365.
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.