DrAnandM

DrAnandM Updated 

Gold might continue to consolidate before next trending move. Range is Huge. Even Consolidation may provide decent Trading opportunities. 2330 is again going to be the crucial zone Below 2330, 2275 zone could be tested If 2330 is respected, 2390 zone could be tested. Rest Of the Analysis on Daily Basis

DrAnandM 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

DrAnandM Updated 

Gold witnessed some decent profit booking at end of the week. Keeping it simple 2320 is going to be the Zone. If respected, We may see retest of 2400 zone If Not, then 2275 may provide some support. Although Stronger Support Zone happens to be around 2220 2200 levels. Rest of the analysis in coming days.

DrAnandM

OANDA:XAUUSD 2350 2360 as expected has turned out to be a Stronger selling zone. And it has been respected beautifully as of now. Retracement May continue till 2270 Zone Only Below 2270, Bearishness could intensify. Although this correction is to be treated as retracement only. Gold may bounce back even before 2270 depending on price action. Sell on rise...

DrAnandM Updated 

Gold has continued it's Bullish momentum as mentioned in previous Idea post. From 2080 to 2130 we had anticipated the move, before the retracement begins, But Gold has surpassed 2130, that makes a case for further Bullishness opening 2150 2200 Although it is little less likely for Gold to Zest past 2150 without some retracement, But JOLTs and Powell could make...

DrAnandM Updated 

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...

DrAnandM

Gold is hovering around upper channel of retracement flag in formation for the Bullish Pole created from 1800 to 2100 Gold has shown decent buying from 1980 zone. Although more retracement is possible, till 1950 zone, But given the strength of the Demand zone established around 1980, chances of buying from this zone upon retest are very much likely. Gold may...

DrAnandM

After Having Tested the 1980, as expected Gold has Shown decent Buying from the zone, establishing it as a Strong Demand Zone. 2017 Zone 1995 Zone Trending Move is possible if either zone is breached. 2031, 2045 on upside 1985, 1975 on downside Could be tested. Not much to Analyse. Simple Trading plan for the week. Stick to levels, and Profits should...

DrAnandM

Remember The previous Post. 2015 - Gold has not shown any interest in closing below 2015. 2009 has not been tested either. Although this Consolidation has created doubts regarding Bullishness, there is a Strong Demand Zone Just Underneath to Support. 2020 2065 Between this Zone, It's Going to be Further Consolidation. Trending move on either side...

DrAnandM

2015 Has Been respected. CPI will decide which zone could be tested. Trendline has been tested multiple times. Chances of breakdown looks likely Now. In that case 1980 zone could be tested. On Contrary, if 2015 is respected, 2080 zone could be tested. No Bias. Only level to level trades

DrAnandM

OANDA:XAUUSD After Quite a Volatile Week full of Data, Gold has still failed to Find a Direction. 2050 2055 2015 2010 Mark these Zones Bears and Bulls both would be eyeing 2050 2055 Zone to Make a Comeback. A. If Gold Respects 2050 zone 2 Possible Scenarios 1. Gold tests 2015 - Possibly Bulls may try to make a comeback after some Consolidation where...

DrAnandM

After Quite a Volatile Week full of Data, Gold has still failed to Find a Direction. 2050 2055 2015 2010 Mark these Zones Bears and Bulls both would be eyeing 2050 2055 Zone to Make a Comeback. A. If Gold Respects 2050 zone 2 Possible Scenarios 1. Gold tests 2015 - Possibly Bulls may try to make a comeback after some Consolidation where again 2055 zone...

DrAnandM

As Mentioned in the comments section of the last post. 2055 has been capitalised by Bears. So it is still Too Early to Write off the Bears. Even FOMC, like most of the times has failed to give directions. NFP could finally provide clearer Directions hopefully. Until then, Expecting a Rangebound Movement Between 2053 zone & 2021 zone.

DrAnandM

Felt the need to update. Despite a Strong JOLTs data, Gold has still managed to Give a Closing 1. Outside of the Downtrend Line 2.Very much close to The Uptrend line that it had broken recently. This could be owing to the Increasing Tensions in the Middle East Being priced in. Now Fomc could decide the final direction of the Trend. Going by the data released...

DrAnandM

Bears are fairly in control of the Trend as of this weekend.. With FOMC coming up, Either of the 2 Zones 1980 or 2080 could be tested.. Technically 2030 2035 is the Crucial zone.. If Respected, 1980 zone is likely to be tested. If Broken, 2055 could be tested before Last attempt by Bears to claw their way back. Above 2065, Bulls will Toss The Shorts for a...

DrAnandM

Gold Showed decent buying from 2000 zone in last 2 days of the week as Gold closed just within the Larger timeframe Uptrend line showing sharp V shaped recovery after the breakdown that happened Mid-week. The last 2 days of the week show that there could be some more upside till 2050 2055 before Bears re-enter. 2055 on upside And 2015 on Downside are the...

DrAnandM

Despite the Strong Break Down of the Trend Line, Gold as of the time of Publication has not shown follow-up Selling.. 2025 2030 is the Value area for Shorts to re enter if they are to. If Bears Fail to capitalise this opportunity, in that case 2045 zone could be tested.. More Bullishness Only above 2045 Bearishness Could Intensify Below 2005, in that case...

DrAnandM

Previous Week Bulls showed resilience. Coming week or two could be decisive in deciding the Direction for Gold. 2030 2025 will act as crucial level for follow up buying, if there has to be any. Failing which, Bears might start to strengthen their Grip again, bringing more bearishness below the Trend zone, around 2020, in which case 2000 1980 could be...