Gold analysis 03-03-2022

Yesterday gold tested its support and the lower limit of Value zone helped gold to maintain the 1915 levels.
The news were also positive for USD. So there was lot of selling pressure.
But gold is able to sustain and rise to its previous support near 1926.
For today the important levels are 1935 and 1918.
I can see there is a good supply area near 1935-1940. So we can expect reversals near this level and take short trades for scalp.
However if there is enough volume we can have a breakout above 1940 and this will help gold push into the upper value zone with limits 1963 - 1940
So before the breakout we can go for scalp
BUY near 1915-1920 SL 1906 TP 1935
SELL near 1935-1940 SL 1945 TP 1925

Gold is bullish and we should prefer only Buy orders in scalping.
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