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