Gold Analysis
Supply areas
4336 - 4343
4305 - 4315
4236 - 4247
Demand area
4285 - 4290
4215 - 4230
Low Volume nodes (LVN)
4275 - 4278 Bearish Biased
Scenario 1.
30 min Analysis
We Buy to 4275 sweeping and filling the LVN creating a minor CHOCH at 4266. On the 5 min we wait for a bearish CHOCH to then sell further with targets being 4232 , 4211 and 4187
Scenario 2
30 min Analysis
We Buy to 4275 sweeping and filling the LVN creating a minor CHOCH at 4266. We continue buying to the supply area at 4305. Wait for a 5 min bearish CHOC to sell to targets 4278, 4247 , 4211 and 4187
Scenario 3.
We break through 4355 and retest 4340 to the go bullish again.
I am bearish till price trades above 4336. If price trades above this level. I will look at bullish intent.
Supply areas
4336 - 4343
4305 - 4315
4236 - 4247
Demand area
4285 - 4290
4215 - 4230
Low Volume nodes (LVN)
4275 - 4278 Bearish Biased
Scenario 1.
30 min Analysis
We Buy to 4275 sweeping and filling the LVN creating a minor CHOCH at 4266. On the 5 min we wait for a bearish CHOCH to then sell further with targets being 4232 , 4211 and 4187
Scenario 2
30 min Analysis
We Buy to 4275 sweeping and filling the LVN creating a minor CHOCH at 4266. We continue buying to the supply area at 4305. Wait for a 5 min bearish CHOC to sell to targets 4278, 4247 , 4211 and 4187
Scenario 3.
We break through 4355 and retest 4340 to the go bullish again.
I am bearish till price trades above 4336. If price trades above this level. I will look at bullish intent.
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.