Indecision as Contrasting Events Add to Confusion..
2345 Is Going to be the Zone.
If Respected
Then 2230 Zone or 2265 Zone could be tested in Coming Weeks..
If Broken
Then 2395 Zone could be tested in Coming Weeks..
3 Possible Scenarios Planned Out..
A - Green
B - Yellow
C - Red
In terms of Probability
B>C>A
This Looks More Likely.
Share Your Thoughts in Comments section.
If Respected
Then 2230 Zone or 2265 Zone could be tested in Coming Weeks..
If Broken
Then 2395 Zone could be tested in Coming Weeks..
3 Possible Scenarios Planned Out..
A - Green
B - Yellow
C - Red
In terms of Probability
B>C>A
This Looks More Likely.
Share Your Thoughts in Comments section.
Comment:
By the Way..
Just for Sake of Retrospective Analysis.
Gold Bounced exactly from 2278..
Marked in last weekly analysis. Cheers 😊🙏
Just for Sake of Retrospective Analysis.
Gold Bounced exactly from 2278..
Marked in last weekly analysis. Cheers 😊🙏
Comment:
Even Softening Labour Market and Dovish Powell couldn't trigger a Rally in Gold.
The small Spike also witnessed Profit booking.
Which clears that Gold Buyers are loosing Interest.
So Better to look for some shorting opportunities as mentioned..
B or C
The small Spike also witnessed Profit booking.
Which clears that Gold Buyers are loosing Interest.
So Better to look for some shorting opportunities as mentioned..
B or C
Comment:
Gold preparing for 2345?
Comment:
Till the time it's above 2290.
2345 Likely.
2345 Likely.
Comment:
SC above 2335
Comment:
Remember I had mentioned 2320 as important level..
Observe if Gold takes support around the zone or breaks it
Observe if Gold takes support around the zone or breaks it
Comment:
A little error in level on my side.
It's 2310 and not 2320.
It's 2310 and not 2320.
Comment:
Pyramiding the Probe around 2315 2310.
Comment:
Waiting for clarity..
More Bullishness above 2325 only
More Bullishness above 2325 only
Comment:
For now, I'm out of longs
Comment:
Probability of C>B If Gold starts trading below 2325 in coming sessions.
Comment:
2325
2310
Trending move on either side break..
Interesting, repeatedly tested the 2310 zone, failed to break..
Possible upside..?
2310
Trending move on either side break..
Interesting, repeatedly tested the 2310 zone, failed to break..
Possible upside..?
Comment:
Repeatedly being bought, the 2310 zone.
More Bullishness possible above 2325
More Bullishness possible above 2325
Comment:
2350 opening up
Comment:
Extreme indecision!
Waiting for price action around 2300.
For more clarity.
Waiting for price action around 2300.
For more clarity.
Comment:
SC above 2320
Comment:
1st 2330
2nd 2355
TP
2nd 2355
TP
Comment:
2330 done.
Deadly drop
2355 out of window.
Look for sell on rise..
C>B as of writing
Deadly drop
2355 out of window.
Look for sell on rise..
C>B as of writing
Comment:
Unless gold trades above 2330
Comment:
2230 could be tested coming week if gold sustains below 2330
Comment:
There has been a tectonic shift in the Volume Profile.
Institutional Shorts could have entered at 2330.
Institutional Shorts could have entered at 2330.
Comment:
Please do note that I keep learning and some of the learnings could be flawed.
Do not take trades right away.
Only if it resonates with your analysis
Do not take trades right away.
Only if it resonates with your analysis
Comment:
Like I said.
A flawed learning. 😌🙏
Although the levels are correct.
A flawed learning. 😌🙏
Although the levels are correct.
Comment:
2355 is possible.
Comment:
TP3
2365
2365
Comment:
TP4
2372
2372
Comment:
2355 done
Comment:
2365
2372
Both Done
2372
Both Done
Comment:
2395
Last Target
I expect Selling pressure from this level
Last Target
I expect Selling pressure from this level
Comment:
If Gold rallies beyond 2395, Then Scenario A will be in Play. With next target being 2417.
Comment:
If gold starts trading below 2370 and sustains below it, we may be in for some decent fall in coming weeks..
Comment:
2372 Decent selling as of end of week from the last week's mentioned level.
2320..