Gold breakout 2700 before CPI
Gold breakout 2700 level today before the CPI release , 2700 is psychological resistance and weekly R3 on weekly pivot, gold price now almost reversed the correction that was started from November 25, as discussed in yesterday post price need to claim 2715-21 area on daily close to confirm this as a complete reversal and we can then plan the next buy move on breakout or we have to wait for a pullback from this area (either from 2700 or from 2715-21) and on pullback after confirmation we can plan the buy opportunities.
for Intra day watch 2700 and 2715-21 and major resistance at 2738-45 as scalping levels/zone; and for swing wait for daily close as we have major data that going to add volatility for Intraday.
I am still watching from the sideline as I don't want to decide the next move from here in FOMO , Will wait for more confirmation and will update accordingly.
for Intra day watch 2700 and 2715-21 and major resistance at 2738-45 as scalping levels/zone; and for swing wait for daily close as we have major data that going to add volatility for Intraday.
I am still watching from the sideline as I don't want to decide the next move from here in FOMO , Will wait for more confirmation and will update accordingly.
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