On my previous analysis, I expected Gold to retrace back to the daily Virgin CPR zone @1930 levels but in this week, Gold was ranging heavily and formed a Daily and Weekly Virgin CPR Zones @1890 level and Weekly Virgin CPR Zone @1900 level.
Even though Gold did not retrace much, it has precisely touched the Daily Virgin CPR and crashed to the Lower Virgin CPR level and is now heading to levels @1848. The latest COT report has not been published yet. Lets see if the COT report gets published by coming Monday.
Gold has been crashing without any proper retracement and we can expect more crash till 1850-1830. Will updated the move, once the COT report is released.
Share your ideas as comments below.
Happy Trading..!! :)
Even though Gold did not retrace much, it has precisely touched the Daily Virgin CPR and crashed to the Lower Virgin CPR level and is now heading to levels @1848. The latest COT report has not been published yet. Lets see if the COT report gets published by coming Monday.
Gold has been crashing without any proper retracement and we can expect more crash till 1850-1830. Will updated the move, once the COT report is released.
Share your ideas as comments below.
Happy Trading..!! :)