Gold buyers defending 2716.87 during newyork session suggests that this level has become a significant support, which could lead to a bounce in price to attempt to break 2747 -2750 SUPPLY ROOF. This defense indicates that buyers are actively supporting the price at this level, preventing it from falling further.
I see a swing into 2764-2758 zone if we correct into 2735-2730 for a buy and reject this level.
the market is in sell zone ,care should be applied because of institutional rejection to price upswing. Especially at 2764 zone
THE demand floor could send price into 2797-2800 whole number on timing, if the analysis break 2764-2758 zone supply roof .
WATCH 2780.
GOODLUCK
I see a swing into 2764-2758 zone if we correct into 2735-2730 for a buy and reject this level.
the market is in sell zone ,care should be applied because of institutional rejection to price upswing. Especially at 2764 zone
THE demand floor could send price into 2797-2800 whole number on timing, if the analysis break 2764-2758 zone supply roof .
WATCH 2780.
GOODLUCK
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