Another analysis on gold. So pretty much as always I have multiple areas for sell and buy. Starting with 1970 level which is a demand to be tested and below it 1965 . But our immediate demand level is around 1977 which can be tested. Currently price is at 1983 which there seems to be a bearish divergence on the footprint chart leading to a fall. In case market goes up 1987 area around it would be short term supply and above that I also have other supply levels.
*Because there are multiple news todays related to gold, we must proceed with caution and enter only if we are sure. specifically interest rate news will be impacting market severely .
As always add your own logic and intuition into this analysis.
Be honorable
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reacted to 1987 50 pips profit. testing it for second time
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60 pips in profit
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90 pips profit
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back at 1983
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market is ranging and waiting for Federal rate
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25 min left to the news
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8 min left to the news
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Going for 2007
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Reacted to 2007
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40 pips profit booked
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next level 2014 static resistance
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Going for 2021 supply level
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2017 blocked the movement
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reached 2021
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There you 2021 blocked the movement for now
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50 pips So far booked
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Going for 2027
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market closed at 2027 as I said 2027 is the target
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2031- 2033 potential sell zone
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2031 worked couple hours ago and 50 pips was gained
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level 48 is another important level
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market is waiting for USD news, Area 48 is to be watched
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market moved up from 28 level
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Getting close to 48 level
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reacted to 48 blocking the movement
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+60 pips profit
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120 pips from 48 level enjoy friends
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market below 48, let's see if it sees 56 and 65 following the USA Session