#H1 Update: Gold's Bullish Momentum and Key Buy Zones

As expected, gold is showing strong bullish momentum. After closing above the 2420-2425 area, gold surged to 2440. It is now in a correction phase. The 2420-2411 range is a good buy zone, as this area has previously acted as strong resistance and may now serve as support, along with the H1 order block. There is a chance that the price will retrace to this order block and show some rejection, such as one or two fully bullish M15 candles, allowing us to plan for a buy.

Another area of interest is below this order block, around 2383-2378, currently sitting just below the liquidity. If any fundamental news or data favors the dollar, the price might reach this unmitigated area. Be cautious if the price breaks the 2400 level and an H1 or H4 candle closes below it, as there is a high likelihood of another 200 pips correction down to 2380. This could later become a wonderful buying opportunity.

Trade active

#H1 Update: Our buy entry was narrowly missed by 10 pips, and the price has since moved 120 pips. However, this area still holds significant potential. Wait for some price action and rejection around this level to enter a trade.

Trade closed: target reached

As expected our 250 pips Anticipatated target Achived made high of 2460 😎😎
From 2440 H4 candle closing

MrKTechnicalLevels

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MrKTechnicalLevels

Mr K
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