Gold Trading Analysis Today, February 12, 2024

Gold Trading Price Today

In today's gold trading analysis for Monday, February 12, 2024, we delve into two distinct time frames to identify potential trading opportunities.

Gold Trading Analysis Today, February 12, 2024
Gold Trading Analysis Today, February 12, 2024


Analyzing both the hourly and five-minute time frames, we aim to provide comprehensive insights for traders looking to capitalize on movements in the gold market.

In this article, we will explore :

  1. Cost of Gold Today
  2. Gold Price Today Per Gram
  3. Gold Price Today Per Kilogram
  4. Gold price Forecast Today

Cost of Gold Today

Live Gold Price Gold Spot Price Today
Gold Price per Gram $65.26
Gold Price per Kilo $65,256
Gold Price per Ounce(28.34 g) $2,029.69

 Gold Price Today : Convert Gold Ounce to US Dollar Or vice versa

Gold price chart in U.S. Dollar per ounce, Live gold price chart

Hourly Time Frame Analysis:

In the hourly time frame, our analysis for gold indicates a buying opportunity for gold from the demand zone at 2022. We recommend placing a stop-loss order at 2019 to manage risk effectively. Additionally, setting a take-profit order at 2030, with a risk-reward ratio of 1:3, can maximize potential gains while mitigating losses.

Gold price today 1H Time frame
Gold price today 1H Time frame

Five-Minute Time Frame Analysis:

Zooming into the five-minute time frame, our analysis on gold today suggests a buy trade from the support zone at 2022. To safeguard against potential losses, it is advisable to set a stop-loss order at 2020. Similarly, setting a take-profit order at 2034, with a risk-reward ratio of 1:5, can optimize profit potential relative to risk exposure

Gold price today 1m Time frame
Gold price today 1m Time frame

Today's gold trading analysis highlights opportunities in both the hourly and five-minute time frames. By strategically aligning entry, stop-loss, and take-profit levels, traders can capitalize on potential price movements while managing risk effectively. It's imperative for traders to conduct thorough analysis and exercise disciplined risk management to navigate the dynamic nature of the gold market successfully.

Weekly Gold Forecast February 12th to 16th, 2024



For more free signals and instant analyses on gold, please visit the following link: [here].


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