Bearishness Could Continue in coming weeks

1月20日

Gold Showed decent buying from 2000 zone in last 2 days of the week as Gold closed just within the Larger timeframe Uptrend line showing sharp V shaped recovery after the breakdown that happened Mid-week.

The last 2 days of the week show that there could be some more upside till 2050 2055 before Bears re-enter.

2055 on upside And 2015 on Downside are the Levels. Trending move on either side break is possible.

2065 zone on upside
1990 zone on downside could be tested.

I've Mentioned 3 Possible Scenarios that could play out.

1. Green
   
2. Yellow
   
3. Red
   

I am expecting Yellow One to Play out.

Stick to the levels and have a Profitable Week ahead..

All the best!