Hi guys,
I'm back with another gold analysis, as you can see gold is pretty much bullish. which makes buying on demand levels sensible. area 2200-2198 is our first demand level which could be tested today. currently market is trying to break above the ATH. one scenario is breaking above the resistance and then pulling back in which then we would look for demands to buy. other scenario is a huge drop from these levels to demand levels.
Also In order to go short we have to check lower time frame for entry, but because of the news we have to be patient.
*Today's news will severely impact this analysis
*add your own logic and intuition into this analysis
Be honorable
I'm back with another gold analysis, as you can see gold is pretty much bullish. which makes buying on demand levels sensible. area 2200-2198 is our first demand level which could be tested today. currently market is trying to break above the ATH. one scenario is breaking above the resistance and then pulling back in which then we would look for demands to buy. other scenario is a huge drop from these levels to demand levels.
Also In order to go short we have to check lower time frame for entry, but because of the news we have to be patient.
*Today's news will severely impact this analysis
*add your own logic and intuition into this analysis
Be honorable
Comment:
Dollar's news was positive