Gold Analysis: Bullish Trend Expected, Targeting $2380-$2390
Updated
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
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