GOLD 4 HOUR& 1 HOUR EDUCATIONAL ANALYSIS 16/12/2024
Gold prices have declined from $2721 to $2643.5, following a bearish reaction at the key level of $2721. This downward movement has completely erased the higher lows established during the most recent Asian sessions.
Below these higher lows, We also have an order block and Fair Value Gap (FVG) at $2643.5, which could act as support and potentially initiate a bullish rally till $2680 or possibly long term.
