ChartsReadingByFahad

ChartsReadingByFahad

Important Note These two scenarios will only remain valid if 3402 holds as the top in gold. If gold breaks above 3402 before Scenario 1 plays out, both scenarios will be considered invalid. Scenario 1: Gold is expected to retest the 3330–3323 zone — a significant Break of Structure (BOS) area. A sweep of this zone could initiate a bullish wave, potentially...

ChartsReadingByFahad

🔔 Gold Trade Update | New Idea Incoming As many of you saw in my previous idea, we successfully captured 2000 pips, which is a massive move by any standard. While most traders aim for 100–150 pips setups, I focus on bigger, high-probability moves — and this one played out perfectly. Now, moving forward, here's what we need to watch closely: 🧠 Scenario 1: If...

ChartsReadingByFahad Updated 

As discussed in my Friday analysis, I previously mentioned that the recent rally could either be a trap rally or a post-accumulation breakout. The key confirmation would come from a retest of the 3168 zone — this level needed to be tested with volume and rejected strongly to validate the accumulation thesis. 🔍 What happened? Price action played out exactly as...

ChartsReadingByFahad

Spot traders, this one’s for you — and futures traders, manage risk wisely. If you missed buying Bitcoin at the $75K range, don’t panic. BTC is currently sitting at a major resistance zone around $105K, and how it behaves here will define the next leg of the cycle. There are two main possibilities for how BTC can break through this level: 🔍 Scenario 1:...

ChartsReadingByFahad

🚨 Caution: Don’t Get Trapped by This Gold Rally – ATH Is Not Coming Yet! Hello everyone, I want to share my personal view regarding the current movement in gold. Please be cautious — this short rally could be a classic bull trap. In my opinion, we are still not in the accumulation phase, or if it has started, gold must still revisit the 3168 level before any...

ChartsReadingByFahad

Gold is holding above a major liquidity zone at 3211, while the key resistance at 3274 and 3320 remains untested. Based on current price behavior, I’m watching two possible scenarios: 📊 Scenario 1 – Liquidity Sweep & Drop: Price could sweep the 3274 level, trapping late buyers. Followed by a move downward toward 3193–3186, where significant historical liquidity...

ChartsReadingByFahad

Gold Market Outlook (Pre-FOMC) Currently, gold is trading within a range around 3350 TK. Before any significant move ahead of the FOMC meeting, we are likely to see a correction from this range. A potential buy opportunity may arise if there is a liquidity sweep of either the 3360 or 3350 levels. At the moment, price action has shifted, and if gold breaks above...

ChartsReadingByFahad

As I mentioned earlier, based on the daily candle analysis, we’re likely to see only a minor drop of around 50 to 80 points — no major panic drop is expected before 4080. This is the time to stay focused and look for strong buying opportunities. The next target is in the 3625 to 3650 range. Trade safely — here come the bulls again!

ChartsReadingByFahad

The price action has changed since the last scenario I shared. However, the buying zone remains almost the same: 3370 – 3360. The targets also remain unchanged: TP1: 3405 TP2: 3430 TP3: 3445 In my opinion, TP3 might be a bit challenging, but TP2 is very likely to be reached. Currently, the price action is forming a cup pattern. Please monitor the price action...

ChartsReadingByFahad

In my view, gold is currently targeting the 4080 level on the daily timeframe. I anticipate this move could unfold by the end of this month or the beginning of the next. However, before reaching 4080, a short-term correction is likely — potentially a pullback in the range of 50 to 80 points, but not exceeding that. The recent sharp decline of nearly 300 points...

ChartsReadingByFahad

Key Entry : 3369 - 3366 TP 1 : 3406 TP 2 : 3430 TP 3 : 3442. TP 3 is difficult before correction.