1H Trading Analysis - The Quantum Trading Mastery
Hi Traders,
We successfully reached TP1, TP2, and TP3 in our previous 1H chart analysis. Below are the updated levels and targets for the coming week.
Market Overview
Gold reached an all-time high at 2,817, and is currently trading between two key levels, with a gap above 2,817 and a gap below 2,778. As seen on the chart, EMA5 crossed and locked below the KEY LEVEL of 2,796, and TP1 has just been hit. To further validate the price direction and range, we’ll monitor EMA5 at various target levels, along with the GoldTurn support levels.
What’s Next for GOLD in the 1H Timeframe?
A resistance level has formed at 2,817. EMA5 failed to cross and lock above this point, triggering a reversal. The FVG might reinforce another resistance level, pushing prices further down towards TP2 (2,761). Additionally, EMA5 crossing below MA21 and MA50 signals a bearish trend.
Key Levels
* Resistance Zones: The FVG resistance at 2,782–2,888 is expected to push prices down to TP2 (2,761).
* Support Levels: Strong support is anticipated at Gold Turn Levels around 2,778, 2,761, 2,744, and 2,740 (Retracement Range).
⚠️ Downside Risks
* If EMA5 crosses and holds below 2,778, the next target is 2,761.
* If EMA5 crosses and holds below 2,761, the downside extends toward 2,744.
* A break below 2,744 could drive prices down to 2,740 (retracement range).
📈 Bullish Path
A bounce from support levels could trigger a retest with potential upside.
* If EMA5 crosses and holds above 2,778, the next bullish target is 2,796.
* If EMA5 holds above 2,796, the upward extends to 2,807.
* A further break above 2,807 could push prices upward to 2,819.
🔹 Long-Term Outlook
Our bullish bias remains, viewing pullbacks as opportunities to buy.
Buying dips from key levels offers better risk management rather than chasing tops.
Final Thoughts
Trade with confidence and discipline—our detailed analysis ensures you're equipped to navigate market fluctuations. Stay tuned for daily updates and multi-timeframe insights.
Best regards,
📉💰 The Quantum Trading Mastery
Hi Traders,
We successfully reached TP1, TP2, and TP3 in our previous 1H chart analysis. Below are the updated levels and targets for the coming week.
Market Overview
Gold reached an all-time high at 2,817, and is currently trading between two key levels, with a gap above 2,817 and a gap below 2,778. As seen on the chart, EMA5 crossed and locked below the KEY LEVEL of 2,796, and TP1 has just been hit. To further validate the price direction and range, we’ll monitor EMA5 at various target levels, along with the GoldTurn support levels.
What’s Next for GOLD in the 1H Timeframe?
A resistance level has formed at 2,817. EMA5 failed to cross and lock above this point, triggering a reversal. The FVG might reinforce another resistance level, pushing prices further down towards TP2 (2,761). Additionally, EMA5 crossing below MA21 and MA50 signals a bearish trend.
Key Levels
* Resistance Zones: The FVG resistance at 2,782–2,888 is expected to push prices down to TP2 (2,761).
* Support Levels: Strong support is anticipated at Gold Turn Levels around 2,778, 2,761, 2,744, and 2,740 (Retracement Range).
⚠️ Downside Risks
* If EMA5 crosses and holds below 2,778, the next target is 2,761.
* If EMA5 crosses and holds below 2,761, the downside extends toward 2,744.
* A break below 2,744 could drive prices down to 2,740 (retracement range).
📈 Bullish Path
A bounce from support levels could trigger a retest with potential upside.
* If EMA5 crosses and holds above 2,778, the next bullish target is 2,796.
* If EMA5 holds above 2,796, the upward extends to 2,807.
* A further break above 2,807 could push prices upward to 2,819.
🔹 Long-Term Outlook
Our bullish bias remains, viewing pullbacks as opportunities to buy.
Buying dips from key levels offers better risk management rather than chasing tops.
Final Thoughts
Trade with confidence and discipline—our detailed analysis ensures you're equipped to navigate market fluctuations. Stay tuned for daily updates and multi-timeframe insights.
Best regards,
📉💰 The Quantum Trading Mastery
Trade active
Intraday Update – 1H ChartThe bearish move from ENTRY LEVEL 2,796 successfully reached TAP1 (2,778). The GoldTurn support level held strong, and with no sustained break below the weighted level, a rejection was confirmed, triggering a solid bounce—aligning perfectly with our strategy to buy dips toward our bullish targets.
Bullish Targets:
📈 * If EMA5 crosses and holds above 2,778, the next bullish target is 2,796. DONE ✅
📈 * If EMA5 holds above 2,796, the uptrend extends to 2,807. DONE ✅
📈 * A break above 2,807 could push prices higher toward 2,819. PENDING ⏳
🔍 * Watch for EMA5 to cross and lock above 2,807—this will confirm TP3 (2,819). Otherwise, expect a reversal back toward the bottom weighted level of 2,796 and then look for BEARISH TARGETS.
Stay tuned for further updates! 🚀
Trade closed: stop reached
1H Time Frame Update – Fantastic Day! 🎉As predicted, EMA5 crossed and locked above 2,807, confirming bullish momentum and successfully hitting TP3 (2,819).
✅ All targets achieved successfully!
A perfect execution of our strategy—congratulations to all who followed! Stay tuned for the next trade setup. 🚀🔥
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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.
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.