Gold daily plan and analysis

Skoljkica

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Hello to all, I will post here my daily plan and analysis for Gold.

Gold is targeting 1842.02/1843.57 where I expect it to find resistance and I will short with
1. target 1833.36
2. target 1826.36
I am watching 1796.71 as next target until the end of the week, possibly Wednesday.

It is possible to break 1843.57 and reach 1856.02 which will be better entry for me.
 

Skoljkica

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1842.02 acted as a resistance and price is currently in a range between 1842.02-1833.36
By breaking 1833.36 I expect:
1826.36 as a first support
possible consolidation between 1833.36 and 1826.36
and then fall down to 1810.71/1796.71

Note:
price could easily go up to 1856.02 which will be better sell entry position.
 

Skoljkica

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If gold breaks 1833.36 and finds it as a support I expect price to reach 1837.76/1839.89 as a first resistance. From there possible pullback down to 1834.41 again (as a better entry point) and I expect price to rise up to 1841.98/1856.02
 

Skoljkica

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If price can't break 1833.36 and find it as a support then possible push down to 1828.98/1826.36 as another buy entry point. Targets remain the same: from 1837.76 to 1856.02
 

Skoljkica

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1839.89 acted as a nice resistance. Price is finding 1819.37 as a nice resistance as well, so it could move price down to 1810.71 as a first support line. From there I expect pullback up to 1819.37 again and then sell down to 1796.71.
 

Skoljkica

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1810.71 reached, with pullback as expected.
I will see how far pullback can go and look for another sell opportunity with TP at 1796.71
 

Skoljkica

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If 1833.36 acts as a support, I expect price to reach 1837.72/1842.02 where I will look for an opportunity to short.
TP1 1833.36
TP2 1826.36
TP3 1814.31

However, if price finds 1837.72 as a support next target is 1856.02 which is my last sell entry point. Targets remain the same.
 

Skoljkica

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Hello to all, I will post here my daily plan and analysis for Gold.
Here are my analysis from this week, all on one place.
You are welcome to join in the conversation at any time.
Good luck.
 
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