XAUUSD BUY & SELL

Hi Friends,
Another analysis on gold. As always I keep everything simple. So we have multiple levels of buy and sell. Our immediate sell level is 2047-2049 which price has reacted to.
Below it we have level 27-29 as our demand level and also below it another one. in case market continues rallying up we have couple supply levels like area 61 and 73.
So we have to wait for the NEW YORK session in order to see the direction of the market.

*make sure to pay attention to the PPI news being published later today


Be honorable

Comment:

22 min to ppi news

Comment:

less than a min to news

Comment:

let's go for level 61

Comment:

getting close to level 61

Comment:

There you 60 pips so far

Comment:

Let's see if 61 changes the course to bearish

Comment:

Close to 100 pips has been gained

Comment:

There are reversal sign in lower time frame that's why price retracing upward

Comment:

160 pips profit

Comment:

Price back at 55 level, immediate demand would be 49

Comment:

Price is going down toward demand level

Comment:

Reacted to level 49 demand

Comment:

Yesterday market moved from 49 to 56 which about 70 pips was gained

Comment:

market is reacting to level 39 demand

Comment:

Going up from level 39

Comment:

let's see if goes down for level 27-29

Comment:

didn't reach 27-29 level and moved up reacted to 43 level again

Comment:

It couldn't get through level 43 again

Comment:

Let's see if it reaches 27 level or not

Comment:

we are at 27 level, waiting for buy confirmation

Comment:

is moving up

Comment:

But there needs to be a confirmation

Comment:

level 17 was missed