12H GOLD CHART ANALYSIS ROUTE MAP UPDATEHello Everyone,
Here’s the latest update on the GOLD 12h chart Analysis we’ve been monitoring and trading. Below is a comprehensive breakdown of the current range we’ve been tracking.
However we now have Candle body closing above TP1 (2765) with a gap at 2826. Now we will need ema5 cross and lock above TP1 (2765) to further confirm next bullish target. Otherwise if ema5 rejects this level, price will bounce for MA21 correction or further down to ENTRY LEVEL (2705). We need to look and watch this area carefully.
Now we will have to wait and see the reaction of ema5 either it cross and lock above TP1 (2765) or below, then it will confirm the next direction.
Key Updates:
Strong Resistance level at 2790.
12H chart- MA21 correction is DUE
Key Updates:
Bullish Targets:
TP1: 2765
TP2: 2826
TP3: 2877
If EMA5 cross and love above ENTRY LEVEL at 2765, the next bullish target is TP2 (2826).
If EMA5 crosses and locks above TP2 (2826), it will open the bullish target to TP3 (2877).
Bearish Targets:
TP1: 2708
TP2: 2664
TP3: 2626
If EMA5 reject to cross and lock above 2765 and reverse below this level, it will open bearish target to 2708
If EMA5 cross and lock below ENTRY LEVEL at 2705, the next bearish target will be 2664.
If EMA5 cross and lock below 2664, the next bearish target will be 2626
Short-Term Strategy:
We will use smaller timeframes (1H and 4H charts) to buy dips at weighted levels, aiming for clean 30-40 pips per trade. Ranging markets are ideal for this strategy, avoiding longer holds that risk being caught in volatile swings.
Long-Term Bias:
Our long-term outlook remains Bullish, and we view drops as opportunities to buy dips, using our predefined levels and setups on smaller timeframes.
The QUANTUM Trading Mastery
