Gold Educational Analysis Update - 4 hour timeframe Update 12/01/2024
Kindly refer to the attached educational analysis above for your review.
Gold 4 hour timeframe
In our previous analysis, we identified two key zones where gold was expected to pull back before resuming its bullish trend. The first zone, ranging from 2621 to 2627, saw a strong reaction, with gold rallying 200 pips following this level.
Subsequently, price declined to our second zone between 2609 and 2615, which presented an optimal buying opportunity. This zone was supported by multiple institutional confirmations and coincided with the 62% discounted level.