Hi Friends,
Another analysis on gold. As always I keep everything simple. So we have multiple levels of buy and sell. Our immediate sell level is 2047-2049 which price has reacted to.
Below it we have level 27-29 as our demand level and also below it another one. in case market continues rallying up we have couple supply levels like area 61 and 73.
So we have to wait for the NEW YORK session in order to see the direction of the market.
*make sure to pay attention to the PPI news being published later today
Be honorable
Another analysis on gold. As always I keep everything simple. So we have multiple levels of buy and sell. Our immediate sell level is 2047-2049 which price has reacted to.
Below it we have level 27-29 as our demand level and also below it another one. in case market continues rallying up we have couple supply levels like area 61 and 73.
So we have to wait for the NEW YORK session in order to see the direction of the market.
*make sure to pay attention to the PPI news being published later today
Be honorable
הערה:
22 min to ppi news
הערה:
less than a min to news
הערה:
let's go for level 61
הערה:
getting close to level 61
הערה:
There you 60 pips so far
הערה:
Let's see if 61 changes the course to bearish
הערה:
Close to 100 pips has been gained
הערה:
There are reversal sign in lower time frame that's why price retracing upward
הערה:
160 pips profit
הערה:
Price back at 55 level, immediate demand would be 49
הערה:
Price is going down toward demand level
הערה:
Reacted to level 49 demand
הערה:
Yesterday market moved from 49 to 56 which about 70 pips was gained
הערה:
market is reacting to level 39 demand
הערה:
Going up from level 39
הערה:
let's see if goes down for level 27-29
הערה:
didn't reach 27-29 level and moved up reacted to 43 level again
הערה:
It couldn't get through level 43 again
הערה:
Let's see if it reaches 27 level or not
הערה:
we are at 27 level, waiting for buy confirmation
הערה:
is moving up
הערה:
But there needs to be a confirmation
הערה:
level 17 was missed
