Gold Fresh Analysis July 24, 2024

Gold traded between 2412 & 2388 last in expected manners that has given a support at 2388/2389 that was expected thresh hold for bulls/bears on intraday terms that is why we have given buy at 2389 for 2397 & 2416 that is achieved by the grace of Allah.


Now Gold is trading above 2412 support recovery towards 2427 - 2431 initially followed by 2435 - 2444. On the downside intraday support is formed at 2412 - 2404 followed by 2393 where bottom risk of the day is expected.

2435 - 2444 that can be achieved in 48 hours expectedly that has chance of being hit is 60% that is my goal/target now.


Above chart is my low-risk trading plan for 50/100 pips profit with 50/75 pips SL and all levels are still awaited. I like to take good risk on fresh levels because that has good chances to make fast/easy profit.

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