Gold claimed 2720 level now time to make a HH
As discussed in last two days posts gold is now claiming the 2715-21 area and reversed the correction phase completely, after CPI gold printed a good bullish candle and the day closed Just under this zone , now a breakout on this zone can push the price towards next resistance area with high volume (area at 2738-55) and can make a pullback from there , on pullback we can plan buy as marked on chart.
2715-20 area is good resistance and we have seen good rejection from this level today in Asian opening session, and breakout from this area can provide opportunity on Intraday Buy scalping , and next level for Intra day sell in scalping is 2738.
I am still watching and waiting for swing opportunity and expecting a swing buy in next week (around Dec. 17 to dec 20) till then scalping on Intra day levels is good.
2715-20 area is good resistance and we have seen good rejection from this level today in Asian opening session, and breakout from this area can provide opportunity on Intraday Buy scalping , and next level for Intra day sell in scalping is 2738.
I am still watching and waiting for swing opportunity and expecting a swing buy in next week (around Dec. 17 to dec 20) till then scalping on Intra day levels is good.
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