Gold : time to come out from Consolidation

8 Eki

Gold price is in consolidation from last 6 days and on price action it is clear that 2640 level acting as good support and breakdown from this level will result in good decline on Intra day.....Now for buy in swing we can wait for price to test weekly S1(2626) or weekly S2 (2600-01) area; For swing buy wait for price confirmation on H4 close or daily close.
(Sell and then buy case)

8 Eki

Not

Moving down as expected ...waiting a test a weekly pivots for possible swing buy