Gold Road Map for The Upcoming Weeks

Gold remains an important metal and one of the favorite commodity for traders and investors, particularly in days of uncertainty. The unstable Regime of Donald Trump provide financial markets with volatility and a sense of  unpredictable future. But on the other side of the coin, markets tend to have their own dynamics. And markets keep following their universal vibrational movements.

Current Scenario

Gold daily chart established swing point at GANN level 0 and behave well to establish Bullish biase.

GANN level 180 Degree (1328.82) – a trend reverse level. Currently the price is struggling at GANN Level 90 Degree and this level (1216.04) acts as a valid Resistance Point. GANN study shows that gold will create a small down rally in the next few days.

Gold hourly chart Clearly shows that prices might move up as Gold starts its correction and fail to maintain GANN Level 540 Degrees (270 x 2). The pattern shows high probable reversal zone which confluence D1 Bearish correction.

GANN and vibrational analysis provide three alternative scenarios for gold that can be adopted in the next upcoming days/weeks.

Important zones that need to be considered in next few days:

• 1271.78 and 1252.87
• 1187.34 and 1172.22
• 1096.87 and 1071.40

These areas are make or break and will determine gold movements on breakout or rejection.

Alternative 1. High Probability

Alternative 2. Medium Probability

Alternative 1. Low  Probability