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Consolidation to continue?

Gold might continue to consolidate before next trending move.

Range is Huge.

Even Consolidation may provide decent Trading opportunities.

2330 is again going to be the crucial zone

Below 2330,

2275 zone could be tested

If 2330 is respected, 2390 zone could be tested.

Rest Of the Analysis on Daily Basis
Uwaga
Level correction
2385 zone +-5 And not 2390
Uwaga
Some Bearish Price action Upfront..

2275 looks likely below 2320

If 2275 not Respected, then 2245 could be tested..
Uwaga
Below 2320

2300
2275
2245

Possible Targets
Uwaga
SC only above 2345
Uwaga
Gold has taken support around 2320.

Above 2345 zone,
2365
2385 could be tested
Uwaga
As mentioned gold couldn't break 2345.

So Most likely downside break possible
Uwaga
Gold happens to keep making higher highs as part of retracement.

2345
2325

Trending move on either side break.
In between is going to be no trading zone
Uwaga
Some Change in Sentiment I guess..

Gold might be preparing for another rally.

2315 zone could provide decent support.

Only below 2305 some bearishness could prevail.

Note that this is just a view and not a trading recommendation
Uwaga
2310-2315
Uwaga
SC above 2340 opening 2375
Uwaga
Unless gold tests 2304 in which case 2330 zone will become value area to sell
Uwaga
So sell on rise it is till gold is below 2335 2330
Uwaga
2260
2240 opened up
Uwaga
Most likely from 2260 some buying is expected
Uwaga
2255
2230 possible zones that could be tested.
Uwaga
unless gold trades above 2353

Gold will be under bears control..

Shorts will cover like crazy above 2353
Uwaga
Below 2285 zone

2250 zone could remain a possibility on day of NFP.
Uwaga
2285 zone tested
Uwaga
Head and shoulder formed
Uwaga
Upon completion, Breakdown possible
Uwaga
Gold may continue to consolidate before next trending move during NFP..
Uwaga
Stage looking set for 2250?
Uwaga
2335 on upside
2290 on downside

Trending move on either side break.

2355 or
2250

Could be tested.
Uwaga
Correction* 2280 Not 2290
Uwaga
Data Cold! Wil wait for Bullish Trade above 2355
Uwaga
Below that I won't mind Shorting Gold Yet again at Decent levels
Uwaga
As mentioned, didn't break 2280.
Weekly Analysis Coming weekend

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