Data packed week ahead as Gold tries to resume rally

١٢ مايو ٢٠٢٤

2400 is going to be the zone.

If respected, then we might test 2250 zone.

If Broken, then 2530 2560 Could be tested.

Rest of the analysis on daily basis

١٣ مايو ٢٠٢٤

ملاحظة

Continuing from previous week's 2372 level,

Almost 300 pips of fall has been witnessed.

Establishing it as a decent Supply Zone.

I'll be looking for Sell on rise unless Gold starts trading above 2400.

١٣ مايو ٢٠٢٤

ملاحظة

2372 to 2332

400 pips and counting

١٣ مايو ٢٠٢٤

ملاحظة

Will gold bounce?

I see it going Down to 2250 as of now

١٤ مايو ٢٠٢٤

ملاحظة

Support taken, if gold sustains above 2370, more Bullishness likely.

Bearishness below 2330 only

١٥ مايو ٢٠٢٤

ملاحظة

Bigger Bullish candles of increasing size.

As gold keeps on making higher highs.

Economic data also favourable for Gold to rally.

Above 2400, gold could start turning very bullish.

But if it fails, then some more consolidation is possible.