Short-Term Technical Analysis for Gold-9/8/2024

Short-Term Technical Analysis for Gold-9/8/2024


Hello, everyone. I am Mohammad Qais Abdulghani, a financial markets expert, here with your morning update on short-term technical movements in gold for Friday, August 9, 2024.

Currently, we are observing gold on the short-term, specifically on the 15-minute chart. Gold is attempting to resume its gains. If the price successfully breaks and surpasses the $2,435 level with a complete and confirmed breakout on the 15-minute chart, we can expect the continuation of the upward trend targeting $2,450 and $2,470.

This optimistic and positive outlook for gold will remain unless the price falls back below the $2,415 level.

Thank you for tuning in to this segment. I appreciate your attention, and I wish you all the best. Goodbye for now.