Gold's Demand Support

Explore the latest analysis on the surging gold market. With prices reaching $1972 and encountering a new supply zone, strategic sell trades are on the horizon. Discover insights into the approaching demand zone at $1945, a potential barrier against further price drops.

11/15/20231 min read

Gold market analysis: $1972 price level, new supply zone, and upcoming $1945 demand zone. Strategic
Gold market analysis: $1972 price level, new supply zone, and upcoming $1945 demand zone. Strategic

Gold has seen a worldwide surge, rendering its former supply zones ineffective, and reached a price level of $1972 before hitting another supply zone. Currently, it's an optimal time for sell trades, pending verification. The initial demand zone that it is approaching is at $1945, which might act as a barrier against further price drops and is considered a robust zone.