My Positional View of GOLD:
Based on Daily TF,
If 25951 supports, I expect up move.
Retracement levels: 28099(done), (made high 29085) 29428, 30507, 31586, 32388, 32915, 33116, 35074(100%) positionally.
If 29085 restricts we can see down side move.
Retracement levels: 28348, 27891(done), 27519, 27150, 26874, 26693, 26624, 25951(100%).
Based on 1H TF,
If 27705 supports, up move
Retracement levels: [27891], 28029, 28231, [28348], 28395, 28557, 28679, 28758, 28789.
Based on smaller TF,
If 27779/27714/27705 supports, I expect up move
Targets: 27878, 27919, 27944, 27985.
Positionally, I expect up move in Gold.
Minimum corrections of 28348, 27891 done already. Any move below 27705, next we can see, 27550 first.
But before any down move I would like to see minimum 28000/28200/28350.
Now one can go long with
Strict Stop Loss 27675. Targets: 27878, 27985, 28000, 28100, 28200, 28300-350.
Based on Daily TF,
If 25951 supports, I expect up move.
Retracement levels: 28099(done), (made high 29085) 29428, 30507, 31586, 32388, 32915, 33116, 35074(100%) positionally.
If 29085 restricts we can see down side move.
Retracement levels: 28348, 27891(done), 27519, 27150, 26874, 26693, 26624, 25951(100%).
Based on 1H TF,
If 27705 supports, up move
Retracement levels: [27891], 28029, 28231, [28348], 28395, 28557, 28679, 28758, 28789.
Based on smaller TF,
If 27779/27714/27705 supports, I expect up move
Targets: 27878, 27919, 27944, 27985.
Positionally, I expect up move in Gold.
Minimum corrections of 28348, 27891 done already. Any move below 27705, next we can see, 27550 first.
But before any down move I would like to see minimum 28000/28200/28350.
Now one can go long with
Strict Stop Loss 27675. Targets: 27878, 27985, 28000, 28100, 28200, 28300-350.
