✅ Entry: As marked on chart
🎯 Take Profit 1 (TP1): Highlighted on chart
🎯 Take Profit 2 (TP2): Highlighted on chart
🎯 Take Profit 3 (TP3): Highlighted on chart
🛑 Stop Loss (SL): Defined below recent swing low
📊 Technical Insight (Dow Theory):
Gold is currently in a primary uptrend, confirmed by a series of higher highs and higher lows on the daily chart.
Recent price action shows a secondary retracement that has respected the previous swing low, maintaining structural integrity.
A bullish reversal has emerged at a key demand zone, signaling potential continuation of the primary trend.
Momentum indicators align with the trend, and volume analysis suggests accumulation, supporting bullish bias.
📍 As long as price remains above the stop loss level, we anticipate a drive towards TP1 and potentially TP2, TP3 as the next leg of the uptrend unfolds.
🚨 Conservative traders may wait for a confirmed breakout above the last minor high for further validation.
🎯 Take Profit 1 (TP1): Highlighted on chart
🎯 Take Profit 2 (TP2): Highlighted on chart
🎯 Take Profit 3 (TP3): Highlighted on chart
🛑 Stop Loss (SL): Defined below recent swing low
📊 Technical Insight (Dow Theory):
Gold is currently in a primary uptrend, confirmed by a series of higher highs and higher lows on the daily chart.
Recent price action shows a secondary retracement that has respected the previous swing low, maintaining structural integrity.
A bullish reversal has emerged at a key demand zone, signaling potential continuation of the primary trend.
Momentum indicators align with the trend, and volume analysis suggests accumulation, supporting bullish bias.
📍 As long as price remains above the stop loss level, we anticipate a drive towards TP1 and potentially TP2, TP3 as the next leg of the uptrend unfolds.
🚨 Conservative traders may wait for a confirmed breakout above the last minor high for further validation.
Trade active
Target 1 achieved
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.