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
Above 2400, 2500+ could be tested..
Below 2400, 2300 2250 zones could be tested
Note
Keep a watch at 2400Given 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.
Note
Some Retracement possible..Note
Rally to resume above 2393Note
More Bearishness below 2360 only.In between 2393 2360, consolidation.
Note
200 pips retraced from 2400Note
Level correction *2346 and not 2360.
Note
Weekly closing below 2360 will keep bears hopefulBears will try to push below 2330 only, eyeing 2310 2260
Anything above and Bulls will keep making comeback
Note
300 pips from 2400Note
Found support around 2370 2375, Lets seeNote
If sustains above 2375, more BullishnessBelow that more bearishness
Note
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..
Note
Above 2395 2420 possibleNote
Since lower low was made at 22802400 2430 zone is due for respect.
Let gold trade above this zone before going positional long
Note
It is a major supply zoneNote
2420 doneNote
2375 to 2420Whopping 450 pips
Note
2412 if respected, more retracement possibleNote
Volume is commendable.I am sceptical if 2430 will be respected or not
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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.