Hi Friends,
Another analysis on gold. As always I keep everything simple. So we have multiple levels of buy and sell. Our immediate sell level is 2047-2049 which price has reacted to.
Below it we have level 27-29 as our demand level and also below it another one. in case market continues rallying up we have couple supply levels like area 61 and 73.
So we have to wait for the NEW YORK session in order to see the direction of the market.
*make sure to pay attention to the PPI news being published later today
Be honorable