Gold Takes a Breather.. Retracement or Reversal?

Nov 8

Price action between 2600 and 2750 will decide future of Gold, Whether it will continue to remain bullish or Witness a healthy correction.

Below 2750, 2600 will remain a decent possibility.

Sustaining Below 2600 will open Doors to 2400.

See You out of the Range Again

7 days ago

Trade active

2600 Done.

Selling Pressure is Very good

2500 2400 on cards

6 days ago

Trade closed: target reached

Some retracement till 2600 likely

5 days ago

Note

If Gold doesn't sustain above 2577,
It is likely headed for 2520 2500

2 days ago

Note

2600 Done above 2577

Trading in Supply zone.

Selling around this zone is value entry.

Targets around 2500 zone

yesterday

Note

2635 has established as good supply zone.

If at all any Bullishness, only above this, else Sell on rise to resume

15 hours ago

Note

Rising geopolitical tensions favouring Bullishness..
2730 Likely to provide some resistance..

SC above 2730 will take gold to ATH

15 hours ago

Note

XAUUSD
Gold likely preparing for Consolidation

2730 to provide some resistance

If Geopolitics and Economy favour Gold, then SC above 2730

if not, then 2730 could provide ceiling to continue consolidation or may b reversal