Gold Analysis and Trade Idea for 27-31 March 2023

Gold is bearish on this Monday as first day of week, We went short after we saw a resistance in gold price at 2004 level. I think gold had done with its bullish rally and It will now come down to 1930-1910 levels in the upcoming week. My previous setup went so well, As we foretasted on Friday at YT that market is going to reverse from $2000 price level. Well, gold found resistance @ 2003 a sell-off so quickly and DXY is also completing its trend and will be bullish from this week, which eventually put pressure on gold as well to drop and gold will drop to form an HL on the daily graph. This week will also be a monthly closing week which is also a key factor. In this situation right now gold facing a support at 1966 and next support level is 1960 which will be broken soon. If you are planning to short gold wait for this support level to break. These are calculations till now I will definitely keep you guys posted with the daily situations in the reset of week days.

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So price went so well 1958 was also a support zone so price is facing struggle to break further down. i believe it can break it and go further down to 1952 level. Lets wait and watch