Rally delayed.. ?

DrAnandM Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Possible Scenarios and Levels to watch for in coming days..

2350 if respected, more Bullishness is possible

If broken, then 2300 zone will be next zone to provide some support.

Which again if respected, then consolidation may continue.

If 2300 also broken, then Decent selling will be more aggressive.

Where By 2250 2200 2150 could be tested.

2343 Keep a watch..

One may long here with SL below 2335
Candle size increasing suggesting more bearishness.

Keep SL Tight.

I'm not Bullish as of now..infact looking at some more shorting opportunities below 2330
2370 2375 Value area to short
If Sustains below 2340

2305 2310 could be tested
Not much follow-up Selling pressure..

May be gold might bounce from the 2330 zone.

I see it has not formed A lower low on larger time frame.

Too early to write off bulls.
How good responds to 2370 level will be interesting to watch.

That may decide whether it's going to be more bearishness or Bullishness

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