Updated

Gold next move (weekly forecast)(02 Dec- 06 December-2024)

Go through the analysis carefully, and do trade accordingly.

Anup 'BIAS for the week (02 Dec- 06 December-2024)

Current price- 2650
1st Scenario, (bullish move)

"if Price stays above 2632, then next target is 2660, 2670 and 2690 and below that 2610"

if price fulfills the 1st Scenario,
2nd Scenario, (bearish move)

"if Price stays below 2703, then next target is 2670, 2645 and 2610 and above that 2720"

-POSSIBILITY-1
Wait (as geopolitical situation are worsening )

-POSSIBILITY-2
Wait (as geopolitical situation are worsening)

Best of luck
Never risk more than 1% of principal to follow any position.
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Trade active

As suggested in the chart, the price bounce off the key region as displayed in the chart.
price bounced +290 PIPS (2622-2651)

Note

Price- 2635
Immediate support= 2635-40
Immediate resistance= 2650-53

Note

Price hits the Immediate resistance near @2653
Hence a sell position activates @2653

Note

Now, the sell position is running +140 PIPS IN PROFIT
(2653-2639)

Note

PRICE HIT THE ENTRY ZONE AND
NOW THE SELL POSITION IS RUNNING +120 PIPS IN PROFIT

Trade closed: target reached

the gold fell from 2657 as suggested in the chart.
now the sell position is running +240 PIPS IN PROFIT
(2657-2623)

Note

THE POSITION IS STILL ACTIVE AND RUNNING

Note

NOW THE FULL TARGET ACHIEVED +440 PIPS PROFIT (2657-2613),

AnupZiddi

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