Gold witnessed some decent profit booking at end of the week.
Keeping it simple
2320 is going to be the Zone.
If respected, We may see retest of 2400 zone
If Not, then 2275 may provide some support.
Although Stronger Support Zone happens to be around 2220 2200 levels.
Rest of the analysis in coming days.
Keeping it simple
2320 is going to be the Zone.
If respected, We may see retest of 2400 zone
If Not, then 2275 may provide some support.
Although Stronger Support Zone happens to be around 2220 2200 levels.
Rest of the analysis in coming days.
הערה:
Gold has seen significant Buying from 2320 zone as expected. Having falied to create lower low. Higher high is possible
הערה:
Gold Coming for 2410.
Analysis Hits Bulls Eye
Analysis Hits Bulls Eye
הערה:
Daily Candle Closing Is Seriously Bullish..
Don't attempt to Short!
Look for Longs Only. Atleast till 2450
Don't attempt to Short!
Look for Longs Only. Atleast till 2450
הערה:
Decent Buying from 2360 Zone.. More Bullishness if sustains above 2360 zone
הערה:
Gold needs to sustain above 2380 for more Bullishness, or else consolidation to begin
הערה:
Sustaining above 2380!
2410 and above
2450
2480
2530
Open up
2410 and above
2450
2480
2530
Open up
הערה:
Gold has not shown the anticipated momentum.
More Bullishness Only above 2385.
Or else some more consolidation possible
More Bullishness Only above 2385.
Or else some more consolidation possible
הערה:
If Gold sustains below 2380,
Retest of 2340 zone possible
Retest of 2340 zone possible
הערה:
Failure to sustain below 2380.
ATH likely
ATH likely
הערה:
Choppy Sideways Consolidation has begun.. Wait and watch..
2340 expected to be decent buying zone
2340 expected to be decent buying zone
הערה:
In longs from 2384
הערה:
Trailing SL hit
Below 2380 Shorts opened for 2340 zone
Below 2380 Shorts opened for 2340 zone
הערה:
Half booked at 2360
Half Trailing SL taken.
Decent Demand in 2360 area as well..
Possibly preparing for next rally.
Half Trailing SL taken.
Decent Demand in 2360 area as well..
Possibly preparing for next rally.
הערה:
Observe price action around 2340 2345 zone.. it is a very heavy demand zone.
If anything wait for long entries
If anything wait for long entries
הערה:
If Gold sustains below 2340, Then below 2323 next support around 2290 only
הערה:
Going by the Strength of the bounce from 2350 zone,
Whether or not 2345 will be tested, only time will tell
But for now SC above 2385 looks likely
Whether or not 2345 will be tested, only time will tell
But for now SC above 2385 looks likely
הערה:
Till the time Gold is above 2375, More Bullishness is possible.
Some more consolidation testing 2365 2350 possible if 2375 zone is broken
Some more consolidation testing 2365 2350 possible if 2375 zone is broken
הערה:
2410 Hit
הערה:
Unless Gold starts trading below 2350,
we are ready for the next rally
we are ready for the next rally
הערה:
Next Weekly Analysis coming Weekend
