Weekly Analysis.. Gold really ready to rally again?
Updated
2360 is going to be the zone..
If respected, Possibly 2480 2530 open up
If Broken, Possibly 2300 2250 Open Up..
Rest of the analysis on daily basis
If respected, Possibly 2480 2530 open up
If Broken, Possibly 2300 2250 Open Up..
Rest of the analysis on daily basis
Note
Book the shorts here in 2030 zone..Atleast 50%
Note
Pardon typing error2330*
Note
2300 doneNote
Keep watch around 2280 zoneNote
Unless gold trades above 2315,2280 zone remains in play.
Above 2315, accept 2300 as being respected.
Note
Again 2360 to act as resistance.Will be the decisive zone.
Bears will cover above it only
Note
Importance of 2315 still as much.. Above 2315, 2360 zone could be tested
Below 2315, 2280 2265 zone could be tested
Note
23402310
Trending move on either side break.
2380
2280
More likely on Downside.
Note
*2360 / 2380Note
was in dual state of mind..Downside didn't capitalise..
Note
Learning for me 😌Note
2330 Value area for BuyNote
2330 is going to be the zoneIf respected, 2360 2380 2400 possible
If broken, then 2315 2280 possible
Note
With higher for longer narrativeMore BEARISHNESS to prevail.
Downside bias as of now
Note
Support taken around 2330..Note
Weekly closing will matter a lot.. anything below 2330, consider more bearishness in coming week
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