The analysis shared is based on Simple Price Action Analysis where Support, Resistance & clean range is taken underconsideration. Yesterday, after the CPI news price of Gold pumped massively 157 pips in one signle 30 minutes candle. The whole price pump gap was filled in the next two hours candle. Currently follow the following key regions and analysis to plan any setup.
Momentum: In Making
No Trade Zone: 2035.7-2029.4
Buys: 2035.7
Sells Below: 2029.4
- BUYS range is cleaner than sells. I am expecting a candle to close above 2035.7. From there the price can move to retest yesterday highs of 2048.
- Only sells will be considered if price close below 2029.4.
Disclaimer: Forex or any form of trading is highly risky. This is just an educational post. We are not responsible for any loss occured.