As analyzed, Gold has now tapped our Weekly Virgin CPR zone finally. Now there are no more Virgin CPR zones in the levels above 1957-1962. Now we have to see Gold moving to the Downside for the coming month. I have marked the Virgin CPR zones which has to be tested before moving up.
As of latest COT report, Hedge funds and non commercial traders are still long on Gold. We have to see the change in Order flow shift and market structure change. Once that happens we can see a move to test the lower Virgin CPR levels.
Share your thoughts as comments.
Happy Trading..!! :)
As of latest COT report, Hedge funds and non commercial traders are still long on Gold. We have to see the change in Order flow shift and market structure change. Once that happens we can see a move to test the lower Virgin CPR levels.
Share your thoughts as comments.
Happy Trading..!! :)