Live Gold Trade Analysis: Catching the Breakout! Did I Miss It?

Key Levels and Zones:

4hr LQZ (Liquidity Zone):

Marked at around 2437.909 - 2440.000.
This is a higher timeframe liquidity zone which often acts as a strong resistance or support level.

1hr TP 4 / LQZ:

Marked at 2419.433.
This level is a target point or liquidity zone on the 1-hour chart, indicating a significant level where price may react.

15M LQZ (Liquidity Zone):

Marked at 2404.619.
This is a key level on the 15-minute chart, suggesting an area where there is liquidity, and price may find support or resistance.

LQZ 1hr:

Marked at 2396.143.
Another liquidity zone on the 1-hour chart, which acts as an important support or resistance area.

Other Levels:
2390.821
2386.644
2379.627

Chart Patterns and Movements:
The price has shown a significant rise recently, breaking through multiple levels of resistance.

There is a noticeable ascending channel marked with blue dashed lines, indicating an overall uptrend on this timeframe.

The highlighted blue zone around 2390.821 - 2396.143 indicates a previous consolidation or support area that has now been broken through.

The most recent price action shows a pullback after hitting the 1hr TP 4 / LQZ level at 2419.433.

Key Observations:
The price is currently hovering around the 15M LQZ at 2404.619, which could act as immediate support.

The significant rise and sharp move up might indicate a bullish momentum in the short term.

The break above the blue highlighted zone suggests that the price might find support here if it pulls back.

Potential Trading Strategies:

Bullish Scenario:
If the price holds above the 15M LQZ at 2404.619, consider looking for buying opportunities with targets at higher liquidity zones such as 2419.433 and beyond.
A break above 2419.433 could further validate the uptrend, aiming for the next liquidity zones.

Bearish Scenario:
If the price fails to hold above 2404.619 and breaks below, consider looking for selling opportunities targeting the next support levels at 2396.143, 2390.821, and lower.
Range Trading:

If the price consolidates between 2404.619 and 2419.433, consider trading within this range, buying near support and selling near resistance.
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