Gold Spot / U.S. Dollar
Short
Updated

Mix of Data : Gold to Show Significant Volatility.

820
2400 is going to be the Ultimate Zone, that could be Decisive.

Above 2400, 2500+ could be tested..

Below 2400, 2300 2250 zones could be tested
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Keep a watch at 2400

Given the kind of price action.

I'm not bearish anymore.

Will look to buy above 2400.

Below that I'll wait for price action before selling.
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Some Retracement possible..
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Rally to resume above 2393
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More Bearishness below 2360 only.

In between 2393 2360, consolidation.
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200 pips retraced from 2400
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Level correction *

2346 and not 2360.
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Weekly closing below 2360 will keep bears hopeful

Bears will try to push below 2330 only, eyeing 2310 2260

Anything above and Bulls will keep making comeback
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300 pips from 2400
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Found support around 2370 2375, Lets see
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If sustains above 2375, more Bullishness

Below that more bearishness
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2375 to 2390..

A supply zone approaching.

Although I'm not expecting it to be Strong one .

Let's see if it's broken or Respected..
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Above 2395 2420 possible
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Since lower low was made at 2280
2400 2430 zone is due for respect.

Let gold trade above this zone before going positional long
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It is a major supply zone
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2420 done
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2375 to 2420

Whopping 450 pips
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2412 if respected, more retracement possible
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Volume is commendable.

I am sceptical if 2430 will be respected or not

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