As mentioned in weekly analysis video that gold price is clearly under pressure , we have seen the same today , price is resuming the decline and now moving towards the recent low (2643-52).
𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐰𝐞 𝐚𝐫𝐞 𝐢𝐧 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐝𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐬 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 .
🔼For Intra day we can consider following levels for buy in scalping (Buy is just valid for scalping only , so trade with tight SL)
1.For Today the buying area is near 2650-52 (Gann Support Level and Last week Low).
2.Can look for buy on weekly S1+ Gann support Level (2635)
🔻𝐀𝐧𝐝 𝐟𝐨𝐫 𝐬𝐞𝐥𝐥 𝐰𝐞 𝐜𝐚𝐧 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨.
1.On pullback and under Weekly pivot + Under resistance trendline
2.On breakdown from Last week Low (Price need good volume to breakdown last week low so keep watching the volume near this Level).
Imp Levels :
Weekly Pivot :2692
Weekly S1,S2:2635,2585
Weekly R1,R2:2741,2799
𝑺𝒖𝒎𝒎𝒂𝒓𝒚 : Buying is valid for scalping only and we have to wait for good confirmation on daily TF for any good buy opportunities and sell is seems to be more favourable.