Here’s an updated forecast for trading GOLD based on the zones and levels provided:
Current Trading Strategy:
1. Sell Opportunities:
Scalping Zone: 2662–2665.
Consider short-term sell trades if the price reaches this level. Use tight stop-loss above 2665.
Strong Sell Zone: 2672–2676.
A stronger resistance area; potential for larger sell-off. Stop-loss above 2676.
2. Key Resistance Levels:
2665 and 2676 are critical levels. Price may face rejection here.
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3. Buy Opportunities:
Scalping Zone: 2626–2622.
Short-term buy opportunities in this range. Use stop-loss below 2622.
Demand Zone: 2615.
Significant buying interest expected here. Possible price reversal to the upside.
4. Key Support Levels:
2622 and 2615 serve as strong support zones. Watch for reversal patterns here.
Risk Management: Maintain disciplined stop-loss levels above/below the key zones to limit potential losses.