So finally we are here ...As it is clear from the chart that gold is heading towards the 1678-80 support zone so this is the major support right now and we can expect some correction of price from this major support.
On Intraday levels if Gold able to hold on this zone then we can look for buy and expect some corrections but if breakdown this zone then we will enter in long term bearish trend from here.
.........................................
Today's Outlook:📝 (21/07/2022)
Weekly candle : Bearish
Day Candle: Bearish
Trend : Down
Major News USD : Jobless Claim🔔
Intraday support as per OI: 1675,1670
Intraday Resistance as per OI : 1700,1720
Price Action Support :1680 | Resistance 1700,1705,1728
CPR : Wide( Descending)
DJI : + 0.15 %
DXY : +0.34 %
OI : Descending (Last Day)
COT : Downtrend ( MM-Last Week)
Daily COMEX Vault status : Withdrawal(Lowest Level since June 2020)🔔
POC: Downtrend (Previous day )
S1 :1687.80
R1:1709.93
PD Low : 1692.38
PD High:1714.47
DXY Last day candle :Bullish
On Intraday levels if Gold able to hold on this zone then we can look for buy and expect some corrections but if breakdown this zone then we will enter in long term bearish trend from here.
.........................................
Today's Outlook:📝 (21/07/2022)
Weekly candle : Bearish
Day Candle: Bearish
Trend : Down
Major News USD : Jobless Claim🔔
Intraday support as per OI: 1675,1670
Intraday Resistance as per OI : 1700,1720
Price Action Support :1680 | Resistance 1700,1705,1728
CPR : Wide( Descending)
DJI : + 0.15 %
DXY : +0.34 %
OI : Descending (Last Day)
COT : Downtrend ( MM-Last Week)
Daily COMEX Vault status : Withdrawal(Lowest Level since June 2020)🔔
POC: Downtrend (Previous day )
S1 :1687.80
R1:1709.93
PD Low : 1692.38
PD High:1714.47
DXY Last day candle :Bullish