*Weekly analysis of gold market for this week*
We can consider 3 key rates.
First at *1992* rate as it is monthly pivot point second at *2014* rate as it is Monday pivot point and third at *2071* rate as it is weekly pivot point.
Given the fall in the gold market last week, the *1992* figure for this week is very important for the market.
As long as the market holds support above *1992*, it has the potential to reach Monday's level, which is located at the *2014* price.
If the hourly stability price does not rise above *2014*, it has the strength and potential to return to the bottom and monthly balance of *1992*.
By consolidating above Monday's levels, the gold market will move towards weekly levels and access to upside targets 2019_2035 and 2043.
And the most important and most difficult numbers to continue this streak will be from 2048 to 2051. Which will be quite difficult.
For further upside, if the hourly stability issue is above 2051-2048, then the market trend will accelerate.
Then every decline and dip towards the 2033 level will be suitable to buy for 2051_2062 and the final target *2071* will be reached.
For the gold market to move higher, a daily closing or an hourly candle must close above the weekly pivot point i.e. *2071*.
Then target 2092_2100 and 2129 possibilities will be open.
Another scenario
It is also most likely that the gold market broke below the *2030* range last week.
Monday's pivot point at *2014* will cross the axis and take action to break above the monthly pivot level *1992*.
And *1992* in case of breakdown
1988_1977_1952_1937_1912 and 1897 targets will be available.
The above range is without excluding fund time and news which comes with reverse and return value.
This above analysis is my personal analysis, my analysis may be completely wrong
You check your knowledge and strategy and then enter the market.
We can consider 3 key rates.
First at *1992* rate as it is monthly pivot point second at *2014* rate as it is Monday pivot point and third at *2071* rate as it is weekly pivot point.
Given the fall in the gold market last week, the *1992* figure for this week is very important for the market.
As long as the market holds support above *1992*, it has the potential to reach Monday's level, which is located at the *2014* price.
If the hourly stability price does not rise above *2014*, it has the strength and potential to return to the bottom and monthly balance of *1992*.
By consolidating above Monday's levels, the gold market will move towards weekly levels and access to upside targets 2019_2035 and 2043.
And the most important and most difficult numbers to continue this streak will be from 2048 to 2051. Which will be quite difficult.
For further upside, if the hourly stability issue is above 2051-2048, then the market trend will accelerate.
Then every decline and dip towards the 2033 level will be suitable to buy for 2051_2062 and the final target *2071* will be reached.
For the gold market to move higher, a daily closing or an hourly candle must close above the weekly pivot point i.e. *2071*.
Then target 2092_2100 and 2129 possibilities will be open.
Another scenario
It is also most likely that the gold market broke below the *2030* range last week.
Monday's pivot point at *2014* will cross the axis and take action to break above the monthly pivot level *1992*.
And *1992* in case of breakdown
1988_1977_1952_1937_1912 and 1897 targets will be available.
The above range is without excluding fund time and news which comes with reverse and return value.
This above analysis is my personal analysis, my analysis may be completely wrong
You check your knowledge and strategy and then enter the market.
