Gold (XAUUSD) is displaying strong bullish momentum today, with price action indicating a potential rally toward the 3157 level. The metal has established a key demand zone between 3115 - 3125, from where buyers are likely to step in.
🔹 Trading Plan & Key Levels:
✅ Entry Zone: 3115 – 3125 📍
✅ Bullish Targets: 3157 ➝ 3170 🎯
✅ Invalidation: Below 3110 ❌
🔹 Technical Analysis
📊 Market Structure: Higher highs & higher lows confirm bullish continuation.
📈 Support & Demand Zones: Strong buying interest at 3115 - 3125.
📉 Indicators: EMA crossover supports bullish bias; RSI > 60 confirms buying pressure.
🔵 Liquidity & Order Blocks: Price might grab liquidity before pushing higher.
🚀 Bullish bias remains intact as long as price holds above 3115, with an upside target of 3157 – 3170. A breakout beyond 3170 could trigger further gains. Stay disciplined & follow risk management! 🏆
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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.