Current Price: $3,148.890
Support Zone: $3,145 - $3,148 (Price has respected this level multiple times.)
Resistance Levels:
First Target: $3,155
Second Target: $3,165 - $3,170
Demand Zone Holding: The purple zone represents a demand area where buyers are stepping in.
Potential Breakout: If price holds above $3,145, it could continue its bullish trend.
Sine Wave Indicator: Suggests that Gold is currently at a cyclical low, indicating a possible upward move.
Volume Analysis: Increasing bullish volume supports the case for an upside move.
✅ Bullish Entry: $3,147 - $3,148 (Confirmation needed.)
🎯 Target: $3,155 - $3,170
🛑 Stop-Loss: Below $3,143
Bullish Bias Above $3,145
Potential Move Toward $3,165 - $3,170
Watch for a Breakout Confirmation
Support Zone: $3,145 - $3,148 (Price has respected this level multiple times.)
Resistance Levels:
First Target: $3,155
Second Target: $3,165 - $3,170
Demand Zone Holding: The purple zone represents a demand area where buyers are stepping in.
Potential Breakout: If price holds above $3,145, it could continue its bullish trend.
Sine Wave Indicator: Suggests that Gold is currently at a cyclical low, indicating a possible upward move.
Volume Analysis: Increasing bullish volume supports the case for an upside move.
✅ Bullish Entry: $3,147 - $3,148 (Confirmation needed.)
🎯 Target: $3,155 - $3,170
🛑 Stop-Loss: Below $3,143
Bullish Bias Above $3,145
Potential Move Toward $3,165 - $3,170
Watch for a Breakout Confirmation
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.