As I explained on my previous analysis, Gold will have to come down to test my Virgin CPR (Central Pivot Range) Zones below. But the weekly closed very Bullish and I see that there is a weekly CPR zone on the upside @1955-1960 level and Daily CPR zone @1930-1940 level.
I believe that Gold is still not ready to come down to test the bottom zones. It looks like Gold wants to test the 1955-1960 weekly CPR zone and 1930-1940 daily CPR zone before falling down to 1850 and below levels in this month.
I have marked the potential movement scenarios on the chart. Please share your thoughts and ideas as comments as fellow traders.
DM me anytime on insta Trader_Indrajith
:)
I believe that Gold is still not ready to come down to test the bottom zones. It looks like Gold wants to test the 1955-1960 weekly CPR zone and 1930-1940 daily CPR zone before falling down to 1850 and below levels in this month.
I have marked the potential movement scenarios on the chart. Please share your thoughts and ideas as comments as fellow traders.
DM me anytime on insta Trader_Indrajith
:)
Note
As expected Gold is now moving up to the Top Virgin CPR present @1940 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.