Gold Analysis on H4 Chart - 02/10/2024

2 thg 10

- Gold is currently trading within a range of 2625 - 2685, showing a period of consolidation. After reaching the resistance level at 2675, selling pressure emerged, with sellers taking control and driving the price down to 2653. Should the downward momentum continue, the price may likely revisit the horizontal support zone around 2625.

- On the upside, if the price resumes its upward movement, the 2684 level is a critical resistance to watch.