📌 Chart Overview
Timeframe: 1 Hour
Current Price: ~ 3275-3280
Bias: Conditional (based on breakout confirmation).
As previously analyzed, Gold has reached 3270 area. This zone will determine the next market direction- bullish or bearish. Check out our trade plan for potential opportunities!
✅ Buy Trade Setup (Bullish Scenario)
:Trigger: Price breaks and closes above 3290
Plan:
: Enter long after confirmation (e.g. bullish candle close above 3290)
: TP1: 3340
: Final TP: 3400
Reasoning:
> Breakout above a key intraday resistance
> Pattern suggests potential bullish momentum continuation.
❌ Sell Trade Setup (Bearish Scenario)
Trigger: Break and close below 3260
Plan:
:Enter short after confirmation of breakdown
: TP1: 3230–3225 zone
: Final TP: 3205
Reasoning:
>If price fails to hold above 3260, likely to revisit previous demand zones
>Clean drop potential visible on the left side of the chart
Key Decision Area:
>3260–3290 zone is crucial:
>Acts as a no-trade zone unless broken
>Avoid getting trapped in consolidation or fakeouts here
Timeframe: 1 Hour
Current Price: ~ 3275-3280
Bias: Conditional (based on breakout confirmation).
As previously analyzed, Gold has reached 3270 area. This zone will determine the next market direction- bullish or bearish. Check out our trade plan for potential opportunities!
✅ Buy Trade Setup (Bullish Scenario)
:Trigger: Price breaks and closes above 3290
Plan:
: Enter long after confirmation (e.g. bullish candle close above 3290)
: TP1: 3340
: Final TP: 3400
Reasoning:
> Breakout above a key intraday resistance
> Pattern suggests potential bullish momentum continuation.
❌ Sell Trade Setup (Bearish Scenario)
Trigger: Break and close below 3260
Plan:
:Enter short after confirmation of breakdown
: TP1: 3230–3225 zone
: Final TP: 3205
Reasoning:
>If price fails to hold above 3260, likely to revisit previous demand zones
>Clean drop potential visible on the left side of the chart
Key Decision Area:
>3260–3290 zone is crucial:
>Acts as a no-trade zone unless broken
>Avoid getting trapped in consolidation or fakeouts here
Trade active
Congrats traders. As we analyzed after breaking of 3260 market comes down and our sell Target1 3225 successfully achieved ✅ we booked 350 pips ⚡️Trade closed: target reached
Congrats we successfully achieved our Final Target.
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t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.
Thank you for visiting us! Join us for more trading insights and signals.
t.me/GoldenpipsFXtrader
t.me/GoldenpipsFXtrader
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.