📌 Key Insights:
✅ #Gold remains in a strong uptrend, consistently forming higher highs.
✅ On the 1D timeframe, an AB=CD pattern is developing, signaling potential continuation.
✅ No bearish signs are evident, reinforcing bullish sentiment.
✅ A possible retest of previous highs & B-leg could offer a prime buy opportunity before a breakout.
📈 Trade Plan:
📍 Entry: Near the B-leg or previous highs upon confirmation.
🎯 Target: New all-time highs.
📉 Stop-Loss: Below key support levels to manage risk.
🔍 Chart Breakdown:
🖼️ Attach a well-annotated chart highlighting:
The AB=CD structure
Support/resistance zones
Potential entry & exit levels
Engagement Strategy:
Would you like me to refine this further or add a specific trading strategy? 🚀
✅ #Gold remains in a strong uptrend, consistently forming higher highs.
✅ On the 1D timeframe, an AB=CD pattern is developing, signaling potential continuation.
✅ No bearish signs are evident, reinforcing bullish sentiment.
✅ A possible retest of previous highs & B-leg could offer a prime buy opportunity before a breakout.
📈 Trade Plan:
📍 Entry: Near the B-leg or previous highs upon confirmation.
🎯 Target: New all-time highs.
📉 Stop-Loss: Below key support levels to manage risk.
🔍 Chart Breakdown:
🖼️ Attach a well-annotated chart highlighting:
The AB=CD structure
Support/resistance zones
Potential entry & exit levels
Engagement Strategy:
Would you like me to refine this further or add a specific trading strategy? 🚀
Note
GOLD hit the new resistance level, as mention on the chart. now we will wait for the correction and GOLD retest the 2785 level. On this point we will take a long trade on GOLD. Note
As I mentioned on the chart, GOLD reached new highs but faced rejection at that level. It is now moving downward toward our buying area. We will wait for a retest of this area before taking a long trade.Trade closed: target reached
TP Hit
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.