Güncellendi

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

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