In this mornings review we suggested price will want to test the highs again as long as the 2170-75 level holds up, giving the targets levels 2000 and above that 2004. As you can see the move has started but is looking a little exhausted approaching the end of the month. For that reason, we will continue with the move upside as long as the lower support level 2180 is active and anticipate a move upside into the levels shown.
Asian session, look for a test on the high as potential for a move downside into support. That's where we need to assess price, and based on a clean structure, levels of 2004 and 2210 are on the horizon with the extension of the move into 2224.
A more than decent week in Camelot hence we're playing Gold with gloves on, still expecting that aggressive reverse trade. Levels are to be tested!
As always, trade safe.
KOG
Trade closed: target reached
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Target 1 and 2 both completed here team. Lovely trade
Good analysis as I suspect the identified demand zone aligns with a rising trendline support which is a good sign of bullish momentum coming in the market. Nice to see you buying on the pullback. Let's see how this plays out!