📍 
GOLD 30min Buy Setup – MJTrading View
After an extended bearish leg, price has tapped into a strong support zone that previously acted as a launchpad. Also touching the main Uptrend...
We now see initial signs of absorption with potential reversal setup forming just above the ascending trendline.
🔹 Entry Zone: 3344–3346
🔹 SL: Below 3335 (under structure & wick base)
🔹 TP1: 3355
🔹 TP2: 3365
🔹 TP4: 3385+ (if momentum sustains)
🔸 RR: Up to 1:4 depending on target selected
🧠 Context:
– Still inside broader bullish structure (macro HL)
– Support zone coincides with rising trendline
– Potential for bullish reaccumulation after sharp drop
– Volume spike near zone suggests active buyers
Stay sharp and manage your risk please...
See the below Idea for full concept:
"Support isn't just a level — it’s a battlefield. If buyers win, they don’t look back."
#MJTrading #Gold #BuySetup #PriceAction #SmartMoney #ChartDesigner #ReversalSetup #MarketStructure
Psychology Always Matters:
GOLD 30min Buy Setup – MJTrading ViewAfter an extended bearish leg, price has tapped into a strong support zone that previously acted as a launchpad. Also touching the main Uptrend...
We now see initial signs of absorption with potential reversal setup forming just above the ascending trendline.
🔹 Entry Zone: 3344–3346
🔹 SL: Below 3335 (under structure & wick base)
🔹 TP1: 3355
🔹 TP2: 3365
🔹 TP4: 3385+ (if momentum sustains)
🔸 RR: Up to 1:4 depending on target selected
🧠 Context:
– Still inside broader bullish structure (macro HL)
– Support zone coincides with rising trendline
– Potential for bullish reaccumulation after sharp drop
– Volume spike near zone suggests active buyers
Stay sharp and manage your risk please...
See the below Idea for full concept:
"Support isn't just a level — it’s a battlefield. If buyers win, they don’t look back."
#MJTrading #Gold #BuySetup #PriceAction #SmartMoney #ChartDesigner #ReversalSetup #MarketStructure
Psychology Always Matters:
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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.
Related publications
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.