GOLD M30 DETAILED OVERVIEW
Gold (XAUUSD) is currently trading within a range-bound structure, forming key supply and demand zones.
🔹 Key Levels & Zones:
Strong Demand Zone (2H): Price recently tested a significant demand zone near $2,900 - $2,905, showing signs of potential bullish reaction.
Fair Value Gap (FVG) Fill: There is an imbalance in price action, suggesting a temporary push upward to fill the gap before further moves.
Strong Supply Zone: A major resistance area is identified around $2,945 - $2,950, making it a potential take-profit zone for buyers and an ideal level for fresh sell entries.
🔹 Trade Plan & Expectations:
Short-Term Bullish Move: Price may attempt to retrace higher towards the FVG fill area & supply zone, aiming for $2,940 - $2,945 before facing rejection.
Bearish Continuation: Once the price reaches resistance, a potential sell-off could drive XAUUSD back towards the demand zone and possibly lower towards $2,880 - $2,885.
EMA Confluence: The moving averages suggest an overall bearish trend, with price struggling to hold above key resistance levels.
📉 Bearish Bias: If rejection occurs at resistance, watch for confirmation before entering short positions targeting the demand zone and lower support.
📈 Bullish Scenario: If price breaks above $2,950, it could signal further upside momentum, invalidating the bearish setup.
🔹 Key Levels & Zones:
Strong Demand Zone (2H): Price recently tested a significant demand zone near $2,900 - $2,905, showing signs of potential bullish reaction.
Fair Value Gap (FVG) Fill: There is an imbalance in price action, suggesting a temporary push upward to fill the gap before further moves.
Strong Supply Zone: A major resistance area is identified around $2,945 - $2,950, making it a potential take-profit zone for buyers and an ideal level for fresh sell entries.
🔹 Trade Plan & Expectations:
Short-Term Bullish Move: Price may attempt to retrace higher towards the FVG fill area & supply zone, aiming for $2,940 - $2,945 before facing rejection.
Bearish Continuation: Once the price reaches resistance, a potential sell-off could drive XAUUSD back towards the demand zone and possibly lower towards $2,880 - $2,885.
EMA Confluence: The moving averages suggest an overall bearish trend, with price struggling to hold above key resistance levels.
📉 Bearish Bias: If rejection occurs at resistance, watch for confirmation before entering short positions targeting the demand zone and lower support.
📈 Bullish Scenario: If price breaks above $2,950, it could signal further upside momentum, invalidating the bearish setup.
📈 Join us for FREE! 95% Accurate Signals, Expert Analysis, and More. Maximize Your Trades Today! 🚀
t.me/+0U7wSo12a3M5OTZh
t.me/+0U7wSo12a3M5OTZh
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.
📈 Join us for FREE! 95% Accurate Signals, Expert Analysis, and More. Maximize Your Trades Today! 🚀
t.me/+0U7wSo12a3M5OTZh
t.me/+0U7wSo12a3M5OTZh
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.