📊 Market Bias: 📈 Bullish with consolidation phases
🔹 Key Technical Levels:
🔸 Resistance: $2,955 - $2,968 🔼 (Potential high)
🔸 Support: $2,907 - $2,918 🛑 (Optimal buying zone)
📈 Technical Outlook:
✅ Gold remains in a sideways-to-bullish structure, holding above key support zones.
✅ EMA & RSI confirmation: Price action indicates bullish momentum above the 50 EMA, with RSI staying above 50, favoring upward continuation.
✅ Order Blocks & FVG zones: Liquidity grabs near $2,907 - $2,918 could offer premium buy entries before a push higher.
✅ ATR & Volatility Check: Moderate volatility; breakout expected above $2,955 for further upside expansion.
📌 Watch for break-and-retest setups near resistance zones for potential further upside.
🚀 Bullish sentiment prevails; plan trades accordingly! 🏆
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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.
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.