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Weekly Analysis.. Gold really ready to rally again?

Oleh DrAnandM
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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
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Book the shorts here in 2030 zone..
Atleast 50%
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Pardon typing error
2330*
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2300 done
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Keep watch around 2280 zone
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Unless gold trades above 2315,
2280 zone remains in play.

Above 2315, accept 2300 as being respected.
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Again 2360 to act as resistance.

Will be the decisive zone.

Bears will cover above it only
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Importance of 2315 still as much..

Above 2315, 2360 zone could be tested
Below 2315, 2280 2265 zone could be tested
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2340
2310

Trending move on either side break.

2380
2280

More likely on Downside.
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*2360 / 2380
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was in dual state of mind..

Downside didn't capitalise..
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Learning for me 😌
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2330 Value area for Buy
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2330 is going to be the zone

If respected, 2360 2380 2400 possible

If broken, then 2315 2280 possible
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With higher for longer narrative

More BEARISHNESS to prevail.

Downside bias as of now
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Support taken around 2330..
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Weekly closing will matter a lot.. anything below 2330, consider more bearishness in coming week
2360Trend Analysis
DrAnandM

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