Gold is under pressure
Atualizado
As mentioned in weekly analysis video that gold price is clearly under pressure , we have seen the same today , price is resuming the decline and now moving towards the recent low (2643-52).
𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐰𝐞 𝐚𝐫𝐞 𝐢𝐧 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐝𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐬 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 .
🔼For Intra day we can consider following levels for buy in scalping (Buy is just valid for scalping only , so trade with tight SL)
1.For Today the buying area is near 2650-52 (Gann Support Level and Last week Low).
2.Can look for buy on weekly S1+ Gann support Level (2635)
🔻𝐀𝐧𝐝 𝐟𝐨𝐫 𝐬𝐞𝐥𝐥 𝐰𝐞 𝐜𝐚𝐧 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨.
1.On pullback and under Weekly pivot + Under resistance trendline
2.On breakdown from Last week Low (Price need good volume to breakdown last week low so keep watching the volume near this Level).
Imp Levels :
Weekly Pivot :2692
Weekly S1,S2:2635,2585
Weekly R1,R2:2741,2799
𝑺𝒖𝒎𝒎𝒂𝒓𝒚 : Buying is valid for scalping only and we have to wait for good confirmation on daily TF for any good buy opportunities and sell is seems to be more favourable.
𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐰𝐞 𝐚𝐫𝐞 𝐢𝐧 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐝𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐬 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 .
🔼For Intra day we can consider following levels for buy in scalping (Buy is just valid for scalping only , so trade with tight SL)
1.For Today the buying area is near 2650-52 (Gann Support Level and Last week Low).
2.Can look for buy on weekly S1+ Gann support Level (2635)
🔻𝐀𝐧𝐝 𝐟𝐨𝐫 𝐬𝐞𝐥𝐥 𝐰𝐞 𝐜𝐚𝐧 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨.
1.On pullback and under Weekly pivot + Under resistance trendline
2.On breakdown from Last week Low (Price need good volume to breakdown last week low so keep watching the volume near this Level).
Imp Levels :
Weekly Pivot :2692
Weekly S1,S2:2635,2585
Weekly R1,R2:2741,2799
𝑺𝒖𝒎𝒎𝒂𝒓𝒚 : Buying is valid for scalping only and we have to wait for good confirmation on daily TF for any good buy opportunities and sell is seems to be more favourable.
Trade ativo
180 Pips down move after the updateTrade fechado: objetivo atingido
440 Pips
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