Gold has continued it's Bullish momentum as mentioned in previous Idea post.
From 2080 to 2130 we had anticipated the move, before the retracement begins, But Gold has surpassed 2130, that makes a case for further Bullishness opening
2150 2200
Although it is little less likely for Gold to Zest past 2150 without some retracement, But JOLTs and Powell could make it happen.
Although technically a Pullback is due.
In Summary:
2150 2120
Trending move on either side break is possible
2175 2200 on upside
2115 2090 2060 on Downside could be tested.
Commento
2150 respected as of now
Commento
2150 Has established as expected as great great resistance at end of today's trading session.
Commento
2156 2131
Are crucial immediate levels.
Trending move on either side break is possible.
2175 2200 on upside Or 2115 2090 2060 on downside could be tested.
Another possible scenario is testing 2131 zone and going for 2160s, where some profit booking may be expected.
Commento
Going by Yesterday's Candle close, More Bullishness is possible.
Commento
Small correction.
Level is 2160 only and not 2156.
Commento
Gold as of writing as expected is not able to sustain above 2160.
Some retracement till 2140 is likely.
Below 2140,
2125
2115
Could be tested.
If 2140 is respected, then Gold may attempt 2180 2200 zone.
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