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Indecision as Contrasting Events Add to Confusion..

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.
Not
One more Important Level..

2320..
Not
By the Way..
Just for Sake of Retrospective Analysis.

Gold Bounced exactly from 2278..

Marked in last weekly analysis. Cheers 😊🙏
Not
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
Not
Gold preparing for 2345?
Not
Till the time it's above 2290.

2345 Likely.
Not
SC above 2335
Not
Remember I had mentioned 2320 as important level..

Observe if Gold takes support around the zone or breaks it
Not
A little error in level on my side.

It's 2310 and not 2320.
Not
Pyramiding the Probe around 2315 2310.
Not
Waiting for clarity..
More Bullishness above 2325 only
Not
For now, I'm out of longs
Not
Probability of C>B If Gold starts trading below 2325 in coming sessions.
Not
2325
2310

Trending move on either side break..

Interesting, repeatedly tested the 2310 zone, failed to break..

Possible upside..?
Not
Repeatedly being bought, the 2310 zone.

More Bullishness possible above 2325
Not
2350 opening up
Not
Extreme indecision!

Waiting for price action around 2300.

For more clarity.
Not
SC above 2320
Not
1st 2330
2nd 2355

TP
Not
2330 done.

Deadly drop

2355 out of window.
Look for sell on rise..

C>B as of writing
Not
Unless gold trades above 2330
Not
2230 could be tested coming week if gold sustains below 2330
Not
There has been a tectonic shift in the Volume Profile.

Institutional Shorts could have entered at 2330.
Not
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
Not
Like I said.

A flawed learning. 😌🙏

Although the levels are correct.
Not
2355 is possible.
Not
TP3

2365
Not
TP4

2372
Not
2355 done
Not
2365

2372

Both Done
Not
2395

Last Target

I expect Selling pressure from this level
Not
If Gold rallies beyond 2395, Then Scenario A will be in Play. With next target being 2417.
Not
If gold starts trading below 2370 and sustains below it, we may be in for some decent fall in coming weeks..
Not
2372 Decent selling as of end of week from the last week's mentioned level.
DrAnandM
Trend Analysis
DrAnandM

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