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
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
Kommentera:
22 min to ppi news
Kommentera:
less than a min to news
Kommentera:
let's go for level 61
Kommentera:
getting close to level 61
Kommentera:
There you 60 pips so far
Kommentera:
Let's see if 61 changes the course to bearish
Kommentera:
Close to 100 pips has been gained
Kommentera:
There are reversal sign in lower time frame that's why price retracing upward
Kommentera:
160 pips profit
Kommentera:
Price back at 55 level, immediate demand would be 49
Kommentera:
Price is going down toward demand level
Kommentera:
Reacted to level 49 demand
Kommentera:
Yesterday market moved from 49 to 56 which about 70 pips was gained
Kommentera:
market is reacting to level 39 demand
Kommentera:
Going up from level 39
Kommentera:
let's see if goes down for level 27-29
Kommentera:
didn't reach 27-29 level and moved up reacted to 43 level again
Kommentera:
It couldn't get through level 43 again
Kommentera:
Let's see if it reaches 27 level or not
Kommentera:
we are at 27 level, waiting for buy confirmation
Kommentera:
is moving up
Kommentera:
But there needs to be a confirmation
Kommentera:
level 17 was missed
