We have now seen an extended upside move on Gold. Hence we can expect a Retracement to downside soon anytime. I have marked my zones based on Virgin CPR and I am 100% sure that these marked zones will be tested as the market moves. There is also a Virgin CPR @1930-1940 price levels.
Scenario 1: The reversal can happen from 1908 and test my nearest below levels @1880
Scenario 2: Price can reverse to the lower level 1850 and 1812 from current level or from 1930
If any reversal happens any time soon, we an expect the price to touch the Virgin CPR zones.
Share your thoughts as comments..!! :)
Scenario 1: The reversal can happen from 1908 and test my nearest below levels @1880
Scenario 2: Price can reverse to the lower level 1850 and 1812 from current level or from 1930
If any reversal happens any time soon, we an expect the price to touch the Virgin CPR zones.
Share your thoughts as comments..!! :)