Hi Guys,
In today analysis we have multiple levels of demand and supply. Some new and some already tested. Couple hours ago market touched 2036 supply level and it was followed by huge move down, currently being at 2022. So price could test same 2036 level for second time should go up and if move up continues above 2040, 2048 would be a level which I look to short.
Below We have 2016-2012 demand level which can hold the move down and give us some good profits, and if that is broken also other levels exist below.
Later today we have a major news for USD which impacts gold to great extent make sure you watch for it.
Be honorable
In today analysis we have multiple levels of demand and supply. Some new and some already tested. Couple hours ago market touched 2036 supply level and it was followed by huge move down, currently being at 2022. So price could test same 2036 level for second time should go up and if move up continues above 2040, 2048 would be a level which I look to short.
Below We have 2016-2012 demand level which can hold the move down and give us some good profits, and if that is broken also other levels exist below.
Later today we have a major news for USD which impacts gold to great extent make sure you watch for it.
Be honorable
Note
market is rangingNote
Gold is trying 2036 level once moreNote
went down from 33. is moving back up againNote
is ranging below 33Note
Reaction to the supply levelNote
is down 20 pips since reactionNote
15 min to newsNote
we are breaking through green box supply zoneNote
reacted again to the supply zone 100 pips in profitNote
Moved back up again below supply zoneNote
Can't get through supply zoneNote
perfect reaction to 2016Note
60 pips profitNote
16 - 26 = 80 pips profit enjoy guysNote
next zone 1997-1996Note
50 pips from 2003 enjoy guysNote
90 pips profitNote
2003- 2014 110 pips profit so farNote
second reaction to the 2003 levelNote
as I said 3 hr ago, " Next zone 97-96" price reacted to. 95 entryNote
60 pips profit from 95 level, save profit and risk free the positionNote
Reached 2004 90 pips profit. congratulationNote
another reaction to 96 level
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Related publications
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.