Gold directionless as of now..
2335 to 2290 Is going to be a Crucial Zone.
If Respected,
2 Possible Scenarios
Green - 2466 Zone could be tested
Yellow - Some more consolidation before the Next Lower Low around 2170
If Broken
1 Possible Scenario
Red - 2220 Zone could be tested.
If Respected,
2 Possible Scenarios
Green - 2466 Zone could be tested
Yellow - Some more consolidation before the Next Lower Low around 2170
If Broken
1 Possible Scenario
Red - 2220 Zone could be tested.
Comentarios:
Trend Reversal Underway on smaller time frame. Confirmation on sustaining above 2340
Comentarios:
That's some bounce from 2335
Zone mentioned in weekly analysis.
Let's see if there is follow up buying
Zone mentioned in weekly analysis.
Let's see if there is follow up buying
Comentarios:
Weak price action,
Opening doors to 2310 2290
Opening doors to 2310 2290
Comentarios:
On sustaining below 2334
Comentarios:
2317 first Target.
Observe price action around 2317 to decide Further direction of Gold
Observe price action around 2317 to decide Further direction of Gold
Comentarios:
2320 zone has been respected and there has been decent buying from this zone.
Again another level mentioned in weekly analysis.
If there is follow-up buying.. Which looks like the current scenario, then more Bullishness is Possible.
Again another level mentioned in weekly analysis.
If there is follow-up buying.. Which looks like the current scenario, then more Bullishness is Possible.
Comentarios:
2317 has not been tested. Some error on my side in marking the level.
Comentarios:
Green Scenario could be in play
Comentarios:
This analysis is still valid for coming week.
Keep a watch in this zone 2320 to 2290.
It will be make or break.
If respected, then As mentioned last week, Green scenario could be in Play
Keep a watch in this zone 2320 to 2290.
It will be make or break.
If respected, then As mentioned last week, Green scenario could be in Play
Comentarios:
Green/Yellow if respected
Red if Broken
Red if Broken
Comentarios:
Respected as of now
The mentioned zone.
Let's see if there is followup buying
The mentioned zone.
Let's see if there is followup buying
Comentarios:
Now if Gold sustains above 2325 2320, Then Higher Highs are possible.
Bearishness resumes below these levels only
Bearishness resumes below these levels only
Comentarios:
Above 2355 More Bullishness is possible
Comentarios:
2400 2410 area to watch for above 2380
Comentarios:
2350 2340 could be value area to long
Comentarios:
As mentioned
2400 2410 is On
2400 2410 is On
Comentarios:
Gold remained just shy of 2400 as it reversed from 2387.
Taking my Trailing SL.
If gold sustains below 2340, next support is at 2308.
If gold bounces from 2335 zone and sustains above 2340, only then some Bullishness is possible.
Else, 2308 could be tested and if volatility sets in, lower levels at 2290 cities be tested.
Below 2290, Hell Breaks down
Taking my Trailing SL.
If gold sustains below 2340, next support is at 2308.
If gold bounces from 2335 zone and sustains above 2340, only then some Bullishness is possible.
Else, 2308 could be tested and if volatility sets in, lower levels at 2290 cities be tested.
Below 2290, Hell Breaks down
Comentarios:
2308 done
Comentarios:
Unless gold trades above 2320
More bearishness is possible.
More bearishness is possible.
Comentarios:
Above 2320, 2350 could be tested
Comentarios:
2280 could be tested if Gold Sustains below 2305
Comentarios:
Below 2280, 2220 could be tested
If gold sustains below 2350, may be 2310 2290 zone could be tested in coming sessions