GOLD This Week

13 apr 2024

Gold for this week, there are 2 buy zones, first one starts at 2335$-2328$, the second zone starts at 2296$-2278$ these two zones have the potential to bring gold up to a target of 2497$. If the zone of 2335$-2328$ breaks with a 4H candle the downside scenarios will begin and it will be a reason of agreement between Iran and Israel and gold will go down to 2296$ , if 2278$ breaks with a 4H candle completely the direction of gold would be a descent until reach to 2230$,as long as the the price of gold stays above 2278$ the direction will be ascent and the war would be continued between Iran and Israel

The zone of 2334$-2278$ will decide on the future of the war between both countries Iran and Israel , whether they continue or end it

Just keep in mind that this is my analysis and it's always important to be cautious when trading.