On monday open short term buy trade in for the target of 1692 level area. this is strong level of resistance on weekly 200 ema and also previous market structure support now as a resistance.
Than if we see bearish candle on this level and with volume if go for the short position for the target of previous week low.
If price break this zone and again trading above 1700 level than we see prices of gold to push upside and in the coming week at 1712 and 1720.
ALSO DEPEND ON FED RATES IN THIS WEEK
Than if we see bearish candle on this level and with volume if go for the short position for the target of previous week low.
If price break this zone and again trading above 1700 level than we see prices of gold to push upside and in the coming week at 1712 and 1720.
ALSO DEPEND ON FED RATES IN THIS WEEK