🔹 Market Sentiment: Sideways to Bullish 📈
🔹 Optimal Buying Zone: 3018 – 3024
🔹 Upside Targets: 3047 & 3056
🔍 Technical Analysis:
📊 Trend Outlook: Gold is consolidating but leaning bullish, respecting key support levels.
📈 Key Indicators:
EMA & Market Structure: Price holding above key EMAs signals potential upside.
RSI: Near neutral, allowing room for further gains.
Support & Resistance:
Support (Buy Zone): 3018 – 3024
Resistance (Targets): 3047 & 3056
Order Blocks & Fair Value Gaps: Buyers accumulating near support, increasing bullish probability.
🎯 Trading Strategy:
✅ Buy Entry: 3018 – 3024
🎯 Targets: 3047 & 3056
📉 Stop-Loss: Below 3014 (break of support structure)
⚠️ Risk Management: Use trailing stops and proper position sizing.
💡 Conclusion: Gold is showing bullish potential; ideal to buy dips near support for a move towards key resistance levels. 🚀📊
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.
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.