Emas / Dollar A.S.Diupdate

Indecision as Contrasting Events Add to Confusion..

2345 Is Going to be the Zone.

If Respected

Then 2230 Zone or 2265 Zone could be tested in Coming Weeks..

If Broken

Then 2395 Zone could be tested in Coming Weeks..

3 Possible Scenarios Planned Out..

A - Green
B - Yellow
C - Red

In terms of Probability

B>C>A

This Looks More Likely.

Share Your Thoughts in Comments section.
Catatan
One more Important Level..

2320..
Catatan
By the Way..
Just for Sake of Retrospective Analysis.

Gold Bounced exactly from 2278..

Marked in last weekly analysis. Cheers 😊🙏
Catatan
Even Softening Labour Market and Dovish Powell couldn't trigger a Rally in Gold.

The small Spike also witnessed Profit booking.

Which clears that Gold Buyers are loosing Interest.

So Better to look for some shorting opportunities as mentioned..

B or C
Catatan
Gold preparing for 2345?
Catatan
Till the time it's above 2290.

2345 Likely.
Catatan
SC above 2335
Catatan
Remember I had mentioned 2320 as important level..

Observe if Gold takes support around the zone or breaks it
Catatan
A little error in level on my side.

It's 2310 and not 2320.
Catatan
Pyramiding the Probe around 2315 2310.
Catatan
Waiting for clarity..
More Bullishness above 2325 only
Catatan
For now, I'm out of longs
Catatan
Probability of C>B If Gold starts trading below 2325 in coming sessions.
Catatan
2325
2310

Trending move on either side break..

Interesting, repeatedly tested the 2310 zone, failed to break..

Possible upside..?
Catatan
Repeatedly being bought, the 2310 zone.

More Bullishness possible above 2325
Catatan
2350 opening up
Catatan
Extreme indecision!

Waiting for price action around 2300.

For more clarity.
Catatan
SC above 2320
Catatan
1st 2330
2nd 2355

TP
Catatan
2330 done.

Deadly drop

2355 out of window.
Look for sell on rise..

C>B as of writing
Catatan
Unless gold trades above 2330
Catatan
2230 could be tested coming week if gold sustains below 2330
Catatan
There has been a tectonic shift in the Volume Profile.

Institutional Shorts could have entered at 2330.
Catatan
Please do note that I keep learning and some of the learnings could be flawed.

Do not take trades right away.

Only if it resonates with your analysis
Catatan
Like I said.

A flawed learning. 😌🙏

Although the levels are correct.
Catatan
2355 is possible.
Catatan
TP3

2365
Catatan
TP4

2372
Catatan
2355 done
Catatan
2365

2372

Both Done
Catatan
2395

Last Target

I expect Selling pressure from this level
Catatan
If Gold rallies beyond 2395, Then Scenario A will be in Play. With next target being 2417.
Catatan
If gold starts trading below 2370 and sustains below it, we may be in for some decent fall in coming weeks..
Catatan
2372 Decent selling as of end of week from the last week's mentioned level.

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