Daily gold analysis
Yesterday's analysis was a success. This is my daily analysis for the day following :
For those that did not see my post from yesterday, I explained that the "key zones" are usually where revearal could happen. The key zones for the 6th of September are as following :
2483-2486
2503-2506
2516-2519 [After Asia session]
2523-2526
Potential Price Movement: If gold reacts to these key zones, we might see a reversal leading to a bullish move [2526 / 2533 / 2542] or bearish move [2506 / 2498 / 2490 / 2483].
I will be posting updates, stay alert!
For those that did not see my post from yesterday, I explained that the "key zones" are usually where revearal could happen. The key zones for the 6th of September are as following :
2483-2486
2503-2506
2516-2519 [After Asia session]
2523-2526
Potential Price Movement: If gold reacts to these key zones, we might see a reversal leading to a bullish move [2526 / 2533 / 2542] or bearish move [2506 / 2498 / 2490 / 2483].
I will be posting updates, stay alert!
Note
Gold reached the key zone 2503-2506 and 2523-2526 for reversals. Note
As you can see, no candles closed over those zones, which perfectly aligns with my prediction of a reversal. The failure to close above these key levels signaled the weakening momentum, confirming my expectation of a reversal.
Note
So far my analysis was on point
Hope you all have a great weekend! See you Monday!
Note
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