Key Points
1. Breakout in trend line and Daily FVG Zone observed.
2. Gold retested the trend line after breakout and is currently in the Daily FVG Zone.
3. Two possible scenarios:
A. Bullish movement when the market opens, potentially reaching a new ATH (target: 3360).
B. If the 4H candle closes below the FVG level, a drop to 3130 is possible.
Key Level
1. 3225: 4H candle close below this level would confirm a sell signal. If it doesn't close below, the outlook remains bullish for next week.
1. Breakout in trend line and Daily FVG Zone observed.
2. Gold retested the trend line after breakout and is currently in the Daily FVG Zone.
3. Two possible scenarios:
A. Bullish movement when the market opens, potentially reaching a new ATH (target: 3360).
B. If the 4H candle closes below the FVG level, a drop to 3130 is possible.
Key Level
1. 3225: 4H candle close below this level would confirm a sell signal. If it doesn't close below, the outlook remains bullish for next week.
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Join Our Telegram Channel For Getting Signals and Analysis👇👇
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.