Hi Friends
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
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
Note
reacted to 1987 50 pips profit. testing it for second timeNote
60 pips in profitNote
90 pips profitNote
back at 1983Note
market is ranging and waiting for Federal rateNote
25 min left to the newsNote
8 min left to the newsNote
Going for 2007Note
Reacted to 2007Note
40 pips profit bookedNote
next level 2014 static resistanceNote
Going for 2021 supply levelNote
2017 blocked the movementNote
reached 2021Note
There you 2021 blocked the movement for nowNote
50 pips So far bookedNote
Going for 2027Note
market closed at 2027 as I said 2027 is the targetNote
2031- 2033 potential sell zoneNote
2031 worked couple hours ago and 50 pips was gainedNote
level 48 is another important levelNote
market is waiting for USD news, Area 48 is to be watchedNote
market moved up from 28 levelNote
Getting close to 48 levelNote
reacted to 48 blocking the movementNote
+60 pips profitNote
120 pips from 48 level enjoy friendsNote
market below 48, let's see if it sees 56 and 65 following the USA Session
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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.