Currently trading in a Rectangular ChannelGOLD Analysis
CMP 2953.190 (03-08-2025 02:35AM PST)
Still Bullish on Bigger time frames.
Currently trading in a Rectangular Channel
with Immediate Support around 3260- 3270 &
Immediate Resistance around 3455 - 3460.
Weekly candle closing above 3340 - 3345 would
be a positive sign.
If this level is sustained, we may witness 3600 &
then 3800+
In Case of Extreme Selling Pressure, 3260 may break
& then the price may touch 3050 - 3100
Rectangularchannel
Weekly Closing just at Resistance!Weekly Closing just around Resistance
level (580), so a slight pressure may be seen, unless it
Sustains 580. If this be the case, 545 - 565 can be witnessed.
Bullish on Weekly TF & a perfect
Morning Star Formation on Weekly Tf.
Also, it has retested the previous breakout level
around 520.
Now it should Cross & Sustain 605-606 to continue
its Bullish Momentum & immediate targets can be around
650 - 655.
On the safe side, 596 - 621 Zone is a Resistance zone.


