As long 2550 remain intact, still potentially bullish for gold
Assuming there is no gap tomorrow, my bias for Gold remain bullish. Best area for me to buy is at 2306 area target at Open as my 1st TP & 2349-2354 area my next TP area.
Looking for bearish continuation based on weekly move.
Assuming next Monday price open without gap, best sell area I will be looking for is around 2184-2189 area. Expected price will reverse down to 2141-2146 area. If price failed to break 2155 to the upside, most probably bearish continuation to 2100-2110 area.
Area of interest is at 2194-2199 zone. If rejected potential sell movement might possible.
I am waiting for the price to retrace around the FVG area before making any decision.
My view on Brent Crude this week. Confluence with weekly pivot. Assuming if the price did not break the demand block.
My forecast for XAUUSD is downwards towards monthly S2 area 1720 before continue uptrend. TAYOR
From what I see, audusd still on downward movement towards 0.64 area. Tayor
Assuming price doesn’t break monthly pivot 1.282, movement will be upwards to R2 before continue downtrend. TAYOR
Assuming the price fail to break monthly pivot, price most likely continue to make correction to 88.3 zone (s2 monthly) before rally again. TAYOR
From what I see, oil market is on correction phase which 2 key area need to be watch. Price likely to drop to test 97 area (weekly S2 & monthly S1) zone & if it’s break next will be at 87 area (weekly S3 & monthly S2) zone before continue bullish. TAYOR
Gold midweek analysis. Based on Gold index, it seems that Gold is still bearish & crucial point today is on monthly pivot & Weeky S2. Tayor
From my point of view. But due to current situations, anything could happen. Tayor
Provided IF the price break Monthly S1 31000, I expect price will go further down towards 29000 zone to complete the correction. TAYOR
Patience is the key. We look for opportunity which minimized our risk. As for me & crypto, im looking to Invest not trade. Will buy once reach the area. Will i miss the trade if its fail to break S1? Yes but its better then floating lose for months.
Expected movement for Gold next week For me, Blue zone is crucial before making any decision. Assuming the price break weekly R1, I see that the price will move forward to test R2 weekly & R1 monthly zone ( around 1900) which also psychology level. From 1900, price might continue to drop until S2 weekly & S1 monthly zone which around 1800 ( also psychology...
Looking to buy around 1829 area since the zone is on Daily S2 & Weekly S1. Tayor