A Spectacular and exponential price movement was observed in GOLD for last 3 months.
A Mega BullRun is witnessed in the bullion market across the globe. Gold is considered as the best among multi asset classes. Especially in Indian subcontinent Gold is not only considered as precious metal which holds a greater value but also very auspicious .
Now lets dive deep into its price movement based on Demand Zone Concept.Accordingly how can we position ourselves to get most out of it.
Case1: Daily Demand Zone (DDZ)
If Price reaches Daily Demand Zone then there is high probability of accumulation is observed by market players. and if the price is considered as fair then it may move up. here we can see buying reaction.
Case 2: Weeekly Demand Zone (WDZ)
If price reaches Weekly Demand zone then some more accumulation occurs and then price moves up.
Now the question arises that if we see good buying at daily demand zone then why should price reach weekly demand zone. to understand this i explained briefly about different market players in the follwing link.
How perfectly market players defend their positions is clearly seen in this chart . Please go through it.
WDZ 1 & WDZ 2:
These are the zones where gold was accumulated.
Case 3: Monthly Demand Zone (MDZ)
If ever price reaches this zone it shall be a good level to invest .
Note : price movement may not be as swift as it was in last 3 months.
A Mega BullRun is witnessed in the bullion market across the globe. Gold is considered as the best among multi asset classes. Especially in Indian subcontinent Gold is not only considered as precious metal which holds a greater value but also very auspicious .
Now lets dive deep into its price movement based on Demand Zone Concept.Accordingly how can we position ourselves to get most out of it.
Case1: Daily Demand Zone (DDZ)
If Price reaches Daily Demand Zone then there is high probability of accumulation is observed by market players. and if the price is considered as fair then it may move up. here we can see buying reaction.
Case 2: Weeekly Demand Zone (WDZ)
If price reaches Weekly Demand zone then some more accumulation occurs and then price moves up.
Now the question arises that if we see good buying at daily demand zone then why should price reach weekly demand zone. to understand this i explained briefly about different market players in the follwing link.
How perfectly market players defend their positions is clearly seen in this chart . Please go through it.
WDZ 1 & WDZ 2:
These are the zones where gold was accumulated.
Case 3: Monthly Demand Zone (MDZ)
If ever price reaches this zone it shall be a good level to invest .
Note : price movement may not be as swift as it was in last 3 months.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.