Current Price: $3,254.26
EMA 70: $3,285.50 (Price is below EMA โ cautious zone)
Bias: Bullish ๐ (if demand zone holds)
Key Zones:
๐ฆ Demand Zone: $3,200 โ $3,260
โ Strong buy interest expected here
โ ๏ธ Good place to look for entry signals
๐ฅ Resistance Zone: $3,223.60 โ $3,323.84
๐ Price is currently testing this zone
A breakout here can lead to bullish momentum
๐ฏ Target Point: $3,500 โ $3,529 ๐ฐ
๐ Defined as "Target Point 3500"
High potential for profit-taking here
โ Stop Loss: $3,161.32
๐ซ Placed below demand zone for risk control
โ Important to exit if price drops here
Trade Idea ๐ก
๐ฅ Buy Entry: Near or above $3,223.60
โ Hold as long as price respects demand zone
๐ฏ Target: $3,500
โ Stop Loss: $3,161.32
โ๏ธ Risk:Reward ratio looks favorable!
Quick Summary:
๐ข Bullish Setup
๐ช Demand zone is strong
๐ Breakout above resistance may fuel a rally
โณ Wait for confirmation before entry!
EMA 70: $3,285.50 (Price is below EMA โ cautious zone)
Bias: Bullish ๐ (if demand zone holds)
Key Zones:
๐ฆ Demand Zone: $3,200 โ $3,260
โ Strong buy interest expected here
โ ๏ธ Good place to look for entry signals
๐ฅ Resistance Zone: $3,223.60 โ $3,323.84
๐ Price is currently testing this zone
A breakout here can lead to bullish momentum
๐ฏ Target Point: $3,500 โ $3,529 ๐ฐ
๐ Defined as "Target Point 3500"
High potential for profit-taking here
โ Stop Loss: $3,161.32
๐ซ Placed below demand zone for risk control
โ Important to exit if price drops here
Trade Idea ๐ก
๐ฅ Buy Entry: Near or above $3,223.60
โ Hold as long as price respects demand zone
๐ฏ Target: $3,500
โ Stop Loss: $3,161.32
โ๏ธ Risk:Reward ratio looks favorable!
Quick Summary:
๐ข Bullish Setup
๐ช Demand zone is strong
๐ Breakout above resistance may fuel a rally
โณ Wait for confirmation before entry!
Note
GOLD Trade Setup AnalysisEntry Zone (Demand)
3,223.60
โ Entered here
Demand Zone:
โฌ๏ธ๐ฆ BUY AREA
---
Current Price
3,390.15
๐ Price is moving up nicely!
---
Resistance Turned Support
3,323.84
๐ Flipped to support
๐ก๏ธ Now protecting your position
---
EMA 70
3,305.55
๐ Bullish โ price above EMA
๐ด EMA acting as dynamic support
---
Target Point
๐ฏ 3,500 - 3,529
๐ Almost there!
๐ฆ TP Zone Ahead
---
Stop Loss
๐ 3,161.32
๐ Risk managed below demand zone
---
Summary
๐ Entry: 3,223
๐ฏ Target: 3,500
๐ Stop: 3,161
โ Trade Running in Profit
Next step: Consider trailing stop or partial take profit soon!
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Related publications
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.