Hello Friends, I'm back with another gold analysis.
Market is trapped between level 30 and 24 and is oscillating in 70 pips range. Above 30 we have level 37 then above it 47, in case market were to go down demand levels would be 16-12 and level 2008.
*Note that level 37 was tested yesterday and it would be second time being tested if price gets there.
Today's news will give energy to the market for next move so as always do your own assessment and analysis before taking any trades
*Be honorable
Market is trapped between level 30 and 24 and is oscillating in 70 pips range. Above 30 we have level 37 then above it 47, in case market were to go down demand levels would be 16-12 and level 2008.
*Note that level 37 was tested yesterday and it would be second time being tested if price gets there.
Today's news will give energy to the market for next move so as always do your own assessment and analysis before taking any trades
*Be honorable
Comment:
Price is breaking through level 30 supply
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market is expecting us session for a direction
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another trial to break resistance
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reacted to 37 and went down
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200 pips from level 37
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Sell from level 37-13, wowwwww
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Aggressive sellers still in the market
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There you guys reversal from level 12
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60 pips so far
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Going for 2008 level
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look for level 23-24 for a sell
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market missed 2008 level and jumped up
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reaction to 23 level 60 pips in profit
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beautiful movement to downside from 24 level
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100 pips from 24 - 14 has been gained
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next level for a short trade would be around 31
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reacted to area 31-34 going down
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31 to 25 = 60 pips so far
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beautiful reaction to level 37 , 80 pips in profit
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going for level 47
Comment:
from 47 to 30 170 pips has been gained
