Bullish Setup with Liquidity Trap and Demand Zone Confirmation.
In the current market scenario for Gold, we're witnessing a bullish setup on the 1-hour chart. 📈 After trapping early buyers below the trend line liquidity, we're anticipating a price reversal from the confirmed demand zone. This setup is particularly interesting because the target has been set at an impressive $2,763! 💰
This bullish movement is expected to be supported by strong demand, alongside a prior break of structure, which adds to the validity of this setup. 📊 The ideal entry point would be on confirmation at the demand zone, ensuring that you're positioned correctly for the upward movement. To manage risk effectively, it's wise to place your stop-loss orders just below this demand zone. 🚦
Overall, this setup presents a promising opportunity for traders looking to capitalize on potential gains in the Gold market! Happy trading! 🌟
This bullish movement is expected to be supported by strong demand, alongside a prior break of structure, which adds to the validity of this setup. 📊 The ideal entry point would be on confirmation at the demand zone, ensuring that you're positioned correctly for the upward movement. To manage risk effectively, it's wise to place your stop-loss orders just below this demand zone. 🚦
Overall, this setup presents a promising opportunity for traders looking to capitalize on potential gains in the Gold market! Happy trading! 🌟
Trade active
trade active buy area first one and masiive entry with 140 pips running
my next target on GOLD 2800
follow me for more updates on gold this is premium setup ready for gold mark new ATH
if you lovr analysis support me for go up for hard work.
Trade closed: target reached
target hit with massive 290 pips booked and still more running
my next target is 2800 hold your long position
follow me for more updates on gold
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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.