Areas where big-boys are concentrating on Gold!
Apr 5, 2021
Last week XAUUSD plunged from $1733 to $1680sh zone, and dramatically gained almost more than what was lost in last three trading sessions.
We are observing a consolidation of prices at the range of 1728–1732 as a strong resistance, above which any fresh buying entry can be taken for a target of 1738–3 and 1743 for the starters.
Bearish area is below $1718 level for downside targets of 1712, 1708 and 1704.
This week, the lower levels on fall of prices will see a strong support at 2013 high price i.e. $1697.370.
Rakshaa K. Soni
Research Analyst
Niftyanalysis
