Gold Bullish setup..- *Buy Now (Entry Price):* 2908
This is the price at which you are considering entering a trade to buy gold.
- *Target (Take Profit):* 2940
This is the price level at which you plan to exit the trade to lock in profits.
- *Support Levels:* 2995 and 2990
These are price levels where you expect the price of gold to find support (i.e., a level where buying pressure may increase, preventing the price from falling further).
However, there seems to be a discrepancy in the support levels. Typically, support levels are below the entry price, but in your case, the support levels (2995 and 2990) are above the entry price (2908). This could imply that these levels are resistance levels instead of support levels.
If you meant *resistance levels*, then:
- *Resistance Levels:* 2995 and 2990
These are price levels where you expect the price of gold to face selling pressure, potentially preventing it from rising further.
If you meant *support levels*, they should be below the entry price (e.g., 2890, 2885, etc.).
Let me know if you need further clarification or assistance with your trading strategy!
