Price has tapped into a strong demand zone around 3,298 – 3,306 after a sharp pullback. Clear bullish rejection suggests potential for a reversal. With a tight stop below 3,269 and a high RR target at 3,481, this setup offers a clean long opportunity.
This area aligns with previous structure and order flow – expecting buyers to step in strong. Let’s see if gold’s ready to shine again!
Trade Setup:
Buy Zone: 3,298 – 3,306
Stop Loss: ~3,269
Take Profit: ~3,481
RR: ~1:5
Watch closely for momentum confirmation!
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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.