DrAnandM

DrAnandM Updated 

2410 2420 zone is going to be Crucial.. Bears may cover above this zone. Bulls will Show Strength above the Supply Zone 2700 Zone could be tested on sustaining above 2500 2200 Zone could be tested on sustaining below 2300 Between 2300 to 2500 is going to be consolidation. Rest of updates on daiiy basis

DrAnandM Updated 

Friday's Sell Off Definitely Suggests that Neither Central Banks nor China nor any other retailer is interested in buying Gold at such high valuation. Picture is getting Clearer. One May look for Selling Opportunity around the Supply Zone. Gold looks set to test 2200 Zone. Bullishness Only above 2380. Below 2380, Bears are going to be under Control. Bulls...

DrAnandM Updated 

2335 to 2290 Is going to be a Crucial Zone. If Respected, 2 Possible Scenarios Green - 2466 Zone could be tested Yellow - Some more consolidation before the Next Lower Low around 2170 If Broken 1 Possible Scenario Red - 2220 Zone could be tested.

DrAnandM Updated 

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.

DrAnandM Updated 

With Increasing size of Candles, And Rising Volume. Gold seems to be prepared for 2550 2600 zone. 2565 to be precise.

DrAnandM Updated 

2400 is going to be the Ultimate Zone, that could be Decisive. Above 2400, 2500+ could be tested.. Below 2400, 2300 2250 zones could be tested

DrAnandM

If Starts to sustain above 2400, then 2500 2550 is possible.

DrAnandM Updated 

2400 is going to be the zone. If respected, then we might test 2250 zone. If Broken, then 2530 2560 Could be tested. Rest of the analysis on daily basis

DrAnandM Updated 

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.

DrAnandM Updated 

2345 is going to be the zone If Respected, then 2265 Zone 2230 Zone Could be tested. If Broken, then 2295 Zone Could be tested. 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.

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...