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
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
Nota
Level correction2385 zone +-5 And not 2390
Nota
Some Bearish Price action Upfront..2275 looks likely below 2320
If 2275 not Respected, then 2245 could be tested..
Nota
Below 23202300
2275
2245
Possible Targets
Nota
SC only above 2345Nota
Gold has taken support around 2320.Above 2345 zone,
2365
2385 could be tested
Nota
As mentioned gold couldn't break 2345.So Most likely downside break possible
Nota
Gold happens to keep making higher highs as part of retracement. 2345
2325
Trending move on either side break.
In between is going to be no trading zone
Nota
Some Change in Sentiment I guess..Gold might be preparing for another rally.
2315 zone could provide decent support.
Only below 2305 some bearishness could prevail.
Note that this is just a view and not a trading recommendation
Nota
2310-2315Nota
SC above 2340 opening 2375Nota
Unless gold tests 2304 in which case 2330 zone will become value area to sellNota
So sell on rise it is till gold is below 2335 2330Nota
22602240 opened up
Nota
Most likely from 2260 some buying is expectedNota
22552230 possible zones that could be tested.
Nota
unless gold trades above 2353Gold will be under bears control..
Shorts will cover like crazy above 2353
Nota
Below 2285 zone2250 zone could remain a possibility on day of NFP.
Nota
2285 zone testedNota
Head and shoulder formedNota
Upon completion, Breakdown possibleNota
Gold may continue to consolidate before next trending move during NFP..Nota
Stage looking set for 2250?Nota
2335 on upside2290 on downside
Trending move on either side break.
2355 or
2250
Could be tested.
Nota
Correction* 2280 Not 2290Nota
Data Cold! Wil wait for Bullish Trade above 2355Nota
Below that I won't mind Shorting Gold Yet again at Decent levelsNota
As mentioned, didn't break 2280.Weekly Analysis Coming weekend
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