Yesterday also news were negative for gold. But this only made gold to test its support near 1925.
Yesterday gold tried to fill the liquidity gap above 1935 and is currently at 1940.
Now the next liquidity gap is between 1945-1950. We can also see the control price today is 1945 which is the upper limit of lower value zone.
So gold will need good volume to break this level. However the lower limit of lower value zone is 1918. So if bears show power we may retest upto 1918 before pull back.
Important levels for today are 1945 and 1930. We can go for scalping near these
Buy 1925-1930 SL 1915 TP 1945
Sell 1945-1950 SL 1960 TP 1930
The target for today is 1970. We may expect the NFP news today can bring gold to this level. However the news may also bring gold to test its support at 1918 which is a good level to Buy.
gold is bullish. we can expect change in trend only when the war news ends. So prefer only buy trades. For sell order put SL above the higher high made at supply areas.
Yesterday gold tried to fill the liquidity gap above 1935 and is currently at 1940.
Now the next liquidity gap is between 1945-1950. We can also see the control price today is 1945 which is the upper limit of lower value zone.
So gold will need good volume to break this level. However the lower limit of lower value zone is 1918. So if bears show power we may retest upto 1918 before pull back.
Important levels for today are 1945 and 1930. We can go for scalping near these
Buy 1925-1930 SL 1915 TP 1945
Sell 1945-1950 SL 1960 TP 1930
The target for today is 1970. We may expect the NFP news today can bring gold to this level. However the news may also bring gold to test its support at 1918 which is a good level to Buy.
gold is bullish. we can expect change in trend only when the war news ends. So prefer only buy trades. For sell order put SL above the higher high made at supply areas.