2370 Critical Zone Make or Break

Обновлено
Since I've been grounded for posting frequent updates, by the Mods, My Analysis updates won't be frequent like before.

Yeilding to the request of many.

I'll continue to post weekly analysis.

Crucial zones have been marked.

Trade accordingly.

See you outside these zones

Happy Weekend 👍
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Please pardon for a Level Update Mods.

😅

The Red One marked is 2330, followed by 2311
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Trading in the demand zone marked. Upon sustaining above 2400, 2420 2430 could be tested
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At the same time if sustaining below 2400,

2370 could be tested
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2440, 2450 possible if continues to sustain above 2400
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Booked longs around 2430, from 2405.
Entered short around 2425, will observe price action around 2390, if broken, 2365 could be tested.
Below 2365, 2330 is a possibility
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2365 done.

2370 Zone mentioned at beginning of the week is here.

Let's see if it holds or breaks.

Accordingly Bearishness or Bullishness may intensify.
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Head and shoulder in formation

Bearishness will weaken above 2392.

2430 and above, Bulls will take over

Below 2392 bears will strengthen their grip
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Sustaining below 2392 and we may see break of 2300 soon
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Support established around 2370..

Buy the dips
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2360 and below 2230
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Gold may test 2550 zone if sustains above 2460
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If sustains above 2520, 2570 is possible
Parallel ChannelSupply and Demand

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