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.
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.
Nota
One more Important Level..2320..
Nota
By the Way..Just for Sake of Retrospective Analysis.
Gold Bounced exactly from 2278..
Marked in last weekly analysis. Cheers 😊🙏
Nota
Even Softening Labour Market and Dovish Powell couldn't trigger a Rally in Gold.The small Spike also witnessed Profit booking.
Which clears that Gold Buyers are loosing Interest.
So Better to look for some shorting opportunities as mentioned..
B or C
Nota
Gold preparing for 2345?Nota
Till the time it's above 2290.2345 Likely.
Nota
SC above 2335Nota
Remember I had mentioned 2320 as important level..Observe if Gold takes support around the zone or breaks it
Nota
A little error in level on my side.It's 2310 and not 2320.
Nota
Pyramiding the Probe around 2315 2310.Nota
Waiting for clarity..More Bullishness above 2325 only
Nota
For now, I'm out of longsNota
Probability of C>B If Gold starts trading below 2325 in coming sessions.Nota
23252310
Trending move on either side break..
Interesting, repeatedly tested the 2310 zone, failed to break..
Possible upside..?
Nota
Repeatedly being bought, the 2310 zone.More Bullishness possible above 2325
Nota
2350 opening upNota
Extreme indecision! Waiting for price action around 2300.
For more clarity.
Nota
SC above 2320Nota
1st 23302nd 2355
TP
Nota
2330 done.Deadly drop
2355 out of window.
Look for sell on rise..
C>B as of writing
Nota
Unless gold trades above 2330Nota
2230 could be tested coming week if gold sustains below 2330Nota
There has been a tectonic shift in the Volume Profile.Institutional Shorts could have entered at 2330.
Nota
Please do note that I keep learning and some of the learnings could be flawed.Do not take trades right away.
Only if it resonates with your analysis
Nota
Like I said.A flawed learning. 😌🙏
Although the levels are correct.
Nota
2355 is possible.Nota
TP32365
Nota
TP42372
Nota
2355 doneNota
23652372
Both Done
Nota
2395 Last Target
I expect Selling pressure from this level
Nota
If Gold rallies beyond 2395, Then Scenario A will be in Play. With next target being 2417.Nota
If gold starts trading below 2370 and sustains below it, we may be in for some decent fall in coming weeks..Nota
2372 Decent selling as of end of week from the last week's mentioned level.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.