Saturday, 12 April 2025

XAUUSD / GOLD / GC Bullish Scenario: Analysis on 12-Apr-2024

LTP: 3237

Immediate Resistance: 3250/3273.

Supports: 2534

Strong Support: 1046


As per my wave count the move is still not completed.

Ideal target zone for this move is 3250-3273-3443. Extensions could be 3516-3725.

From where we can see bigger correction towards 2800-2600.


Alt Bearish scenario:

If 3250-3300 region resists, we can see some correction towards 3021-2921-2885-2780.

Reversal from these levels, we can see good up move towards 3500-3700+.


https://in.tradingview.com/chart/XAUUSD/rpJQwpdQ-XAUUSD-GOLD-GC-Bullish-Scenario-Analysis-on-12-Apr-2024/

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