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