#GOLD.. guys as we discussed before that gold in history one day drop is 200 points, and mostly after 200 pionts market always take retraced and bounced back,
you can check history on weekly chart.
and same like this time market behaved same,
market open monday morning at 2070 75 and placed 2145 around high then market dropped streight and placed 2019 around in same day,
the thing is that (from 2070 75 to 2145 its 75 points upside move) and then from 2145 to 2019 (its 125 points move) means its done 200 points move,
then market retraced upto 2041 42 after that break his pervious day low (that is also 200 points drop low),
well, according to this market pivot is now 2019 20 where market placed his 200 points drop,
that is your key level now. if market didnot close above that level then we can imagine that market will drop again,
any buying oppertunity will be valid above 2021 otherwise not.
trade wisely
good luck
you can check history on weekly chart.
and same like this time market behaved same,
market open monday morning at 2070 75 and placed 2145 around high then market dropped streight and placed 2019 around in same day,
the thing is that (from 2070 75 to 2145 its 75 points upside move) and then from 2145 to 2019 (its 125 points move) means its done 200 points move,
then market retraced upto 2041 42 after that break his pervious day low (that is also 200 points drop low),
well, according to this market pivot is now 2019 20 where market placed his 200 points drop,
that is your key level now. if market didnot close above that level then we can imagine that market will drop again,
any buying oppertunity will be valid above 2021 otherwise not.
trade wisely
good luck
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