Technical analysis of GOLD 05/08/2024

Gold updated its all-time high at 2430.00. After which the price corrected to the level of 2280.00 (23.6% Fibo) and is currently in the area of 2316.00.

The potential for the development of an uptrend suggests the level of 2800.00.

If the price breaks the level of 2280.00 (23.6% Fibo), this will mean the development of a downward correction with the nearest target in the area of 2200.00 (38.2% Fibo).


Created by Joshua Hayn

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