Bullish (with bearish scenario if support fails)
Entry Point (Buy): 3,326 – 3,327
Stop Loss (SL): 3,284.71
Take Profit 1 (TP1): 3,365.12
Final Target (TP2): 3,501 – 3,508
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Market Structure:
Price is forming higher highs and higher lows within a rising channel.
Price is currently consolidating above a key demand zone (red box).
Two potential scenarios are mapped:
Bullish Continuation: Breakout above consolidation, targeting higher resistance.
Bearish Rejection: If price breaks below 3,284 support, bearish correction likely.
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Support Zones (Demand Areas):
1. 3,284 – 3,285 (Key Buy Zone)
2. 3,240
3. 3,200
4. 3,160
5. 3,080
6. 2,960 (Final bearish support)
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Resistance Zones (Supply Areas):
1. 3,327 – 3,330 (Current resistance)
2. 3,365.12 (TP1)
3. 3,444
4. 3,501 – 3,508 (Final Target Zone)
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Entry Point (Buy): 3,326 – 3,327
Stop Loss (SL): 3,284.71
Take Profit 1 (TP1): 3,365.12
Final Target (TP2): 3,501 – 3,508
---
Market Structure:
Price is forming higher highs and higher lows within a rising channel.
Price is currently consolidating above a key demand zone (red box).
Two potential scenarios are mapped:
Bullish Continuation: Breakout above consolidation, targeting higher resistance.
Bearish Rejection: If price breaks below 3,284 support, bearish correction likely.
---
Support Zones (Demand Areas):
1. 3,284 – 3,285 (Key Buy Zone)
2. 3,240
3. 3,200
4. 3,160
5. 3,080
6. 2,960 (Final bearish support)
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Resistance Zones (Supply Areas):
1. 3,327 – 3,330 (Current resistance)
2. 3,365.12 (TP1)
3. 3,444
4. 3,501 – 3,508 (Final Target Zone)
---
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Trade active
"GOLD BUY from 3327 — all targets smashed at 3501! That’s a massive +1740 pips bagged. This is how we do it — on to the next!"Trade closed: target reached
ALL PROFIT DONE 1740 PIPS
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.
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.