Gold Analysis: Expecting Heavy Fall to $2345-$2340

Gold Movement Analysis
Date of Analysis: 04th July 2024

Key Levels:
Resistance Break: $2363
Current Range: $2353-$2360
Current Situation:
Gold broke the resistance in the H1 chart, reaching up to $2363. The FOMC Meeting Minutes news did not cause significant movement, resulting in gold trading within the $2353-$2360 range.

Expected Movement:
Today, we anticipate a heavy fall in gold prices, targeting a drop to $2345-$2340.