Hi Guys, its been a long time since i published an analysis. and I'm back again
Gold sore the other day and reached the 2379 level which was the resistance, and has managed to cool off those buyers.
As always there are some demand and supply levels to take trade from. Our immediate demand level would be around 53-49 which upon reaching, with confirmation we will take trades. If the level is breached other levels below would become possible long points.
Those who want to go short ,currently level around 73-75 is a suitable point and above that levels 85,93,403,412,....
My view is that Before continuing higher market needs to see lower prices and demand levels to test.
* As always add your own intuition and logic into this analysis and proceed with safety measures in place.
Be honorable
Gold sore the other day and reached the 2379 level which was the resistance, and has managed to cool off those buyers.
As always there are some demand and supply levels to take trade from. Our immediate demand level would be around 53-49 which upon reaching, with confirmation we will take trades. If the level is breached other levels below would become possible long points.
Those who want to go short ,currently level around 73-75 is a suitable point and above that levels 85,93,403,412,....
My view is that Before continuing higher market needs to see lower prices and demand levels to test.
* As always add your own intuition and logic into this analysis and proceed with safety measures in place.
Be honorable
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Yesterday Market touched level 2334 and now is going up