DrAnandM

Indecision as Contrasting Events Add to Confusion..

DrAnandM Diupdate   
OANDA:XAUUSD   Emas / Dollar A.S.
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.
Komentar:
One more Important Level..

2320..
Komentar:
By the Way..
Just for Sake of Retrospective Analysis.

Gold Bounced exactly from 2278..

Marked in last weekly analysis. Cheers 😊🙏
Komentar:
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
Komentar:
Gold preparing for 2345?
Komentar:
Till the time it's above 2290.

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

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

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

Trending move on either side break..

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

Possible upside..?
Komentar:
Repeatedly being bought, the 2310 zone.

More Bullishness possible above 2325
Komentar:
2350 opening up
Komentar:
Extreme indecision!

Waiting for price action around 2300.

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

TP
Komentar:
2330 done.

Deadly drop

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

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

Institutional Shorts could have entered at 2330.
Komentar:
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
Komentar:
Like I said.

A flawed learning. 😌🙏

Although the levels are correct.
Komentar:
2355 is possible.
Komentar:
TP3

2365
Komentar:
TP4

2372
Komentar:
2355 done
Komentar:
2365

2372

Both Done
Komentar:
2395

Last Target

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