Gold again reached at All time High : What next?
As expected and as shared on daily updates ,we have seen a good bullish rally on gold again and gold re-tested the ATH level and now facing resistance on Intraday but there is no big indication of good rejection at ATH level: CPR is very extreme today and gold price still showing strength. Today we have some high impact data in US session that can generate good volatility
For today:
For Buy:
We will wait for breakout above 2685 and on breakout we can look for buy on Intraday towards 2700,
For Sell; Price need to see a good decline first /close on H4 and bears at least need to push the price under 2660 (Daily S1 for today) and then only we can look for sell opportunities on Intraday.
For today:
For Buy:
We will wait for breakout above 2685 and on breakout we can look for buy on Intraday towards 2700,
For Sell; Price need to see a good decline first /close on H4 and bears at least need to push the price under 2660 (Daily S1 for today) and then only we can look for sell opportunities on Intraday.
Not
good move on breakout as expected ...
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