DrAnandM

ANALYSIS HITS BULLS EYE!

DrAnandM Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold, as mentioned in previous week's analysis has Touched 2085 zone!

And with what Strength 🚀

2100 Zone is going to act as Crucial Resistance.

One may expect some retracement following the Trending move.

2065 2055 is going to act as crucial Support and any retracement will see possible follow up buying.

In case, 2055 is breached, then 2030 2015 could be tested.

Happy Weekend!

I've Linked Last week's analysis for Reference.
Comment:
If Gold sustains below 2081,

2065 2060 could be tested

Above 2081,

2095 zone could be tested.
Trade active:
Tp 2095 zone
SL below 2080
Comment:
In case sustains below 2081, look for 2065 on downside
Comment:
If sustains above 2100,

2110 2130 could be tested
Trade closed: target reached:
2080 to 2095 zone Done
Comment:
If Gold sustains below 2100,

Then 2080 2060 could be tested.
Comment:
Gold is in the Purple 🟣 already. Area where shorts will try to re-enter.
Comment:
Above 2100, 2010 done 🥂
Comment:
Gold continues to be in the Purple 🟣
Comment:
If Gold sustains above 2110

Next Stop 2150, 2200!
Trade active:
Long around 2110 to 2120

TP 2150, 2200

SL Hourly close below 2010
Comment:
Purple circle 🟣 invalidated.

Will post New analysis shortly
Trade active:
Running 200 pips profits

From 2020 to 2040
Comment:
Book Full around 2145 zone

Although more upside is possible, but 2150 is a crucial resistance.
Comment:
No new update. 2150 zone to act as resistance. As of writing.
Trade closed: target reached:
2150 done
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.