GOLD 12H CHART ROUTE MAP ANALYSIS FOR THE WEEK
Dear Traders,
Here is our 12H chart analysis and target update:
Previous Chart Review:
Outcome:
✅ All targets and entry levels (marked with Golden Circles) were achieved as predicted.
TP1 2745 - DONE
TP2 2786 - DONE
TP3 2826 - DONE
Market Overview:
* ENTRY LEVEL: 2814
* Target TP1 successfully hit already at 2858
* GOLD is trading at an ATH of 2858, oscillating between the weighted level with a gap above 2858 and a gap below the 2814 Entry Level.
* FVG are offering strong support in this range.
Resistance Levels:
2858, 2903, 2948
Key Support: 2618
Support Levels (blue GOLDTURN Levels are activated):
2813 (Critical Weighted Level)
2770 (Critical Weighted Level)
2710 (Critical Weighted Level)
2664 (Major Support Level)
2618 (Lower Major Demand Zone)
EMA5 (Red Line):
* Currently below TP1 (2858), indicating sustained bullish momentum.
* EMA5’s behavior will be pivotal in determining the next price action trajectory.
Recommendations
* Focus on EMA5 Behavior for further confirmation
Bearish Case:
* If EMA5 holds below TP1 (2858) and resistance levels remain intact, bearish momentum may drive prices to retest GOLDTURN weighted levels.
* Scenario 1: If EMA5 crosses and locks below Entry 2813, expect further bearish movement toward GOLDTURN 2770.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2770, anticipate another decline toward the major support at GOLDTURN 2710.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2710, anticipate another decline toward the major support at GOLDTURN 2664.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2664, anticipate another decline toward the major support at GOLDTURN 2618.
Bullish Case:
Scenario 1: If EMA5 crosses and locks above TP1 (2858), the next bullish target is 2903.
Scenario 2: If EMA5 crosses and locks above TP2 (2903), the subsequent bullish target will be 2948.
Short-Term:
* Possible Reversal at the weighted GOLDTURN levels
* Utilize 1H and 4H timeframes to capture pullbacks at GOLDTURN levels.
* Target 30–40 pips per trade, focusing on shorter positions in this range-bound market.
* Each Level allows 30 -40 pips bounce, buy at dip level for proper risk management
Long-Term Outlook:
* Maintain a bullish bias, viewing pullbacks as buying opportunities.
* Buying dips from key levels ensures better risk management, avoiding the pitfalls of chasing tops.
Final Thoughts:
Trade with confidence and discipline. Our detailed and accurate analysis equips you to navigate market movements effectively. Stay tuned for daily updates and multi-timeframe insights to stay ahead in the game.
Please support us by likes, comments, boosts and following our channel.
Best regards,
📉💰 The Quantum Trading Mastery
Here is our 12H chart analysis and target update:
Previous Chart Review:
Outcome:
✅ All targets and entry levels (marked with Golden Circles) were achieved as predicted.
TP1 2745 - DONE
TP2 2786 - DONE
TP3 2826 - DONE
Market Overview:
* ENTRY LEVEL: 2814
* Target TP1 successfully hit already at 2858
* GOLD is trading at an ATH of 2858, oscillating between the weighted level with a gap above 2858 and a gap below the 2814 Entry Level.
* FVG are offering strong support in this range.
Resistance Levels:
2858, 2903, 2948
Key Support: 2618
Support Levels (blue GOLDTURN Levels are activated):
2813 (Critical Weighted Level)
2770 (Critical Weighted Level)
2710 (Critical Weighted Level)
2664 (Major Support Level)
2618 (Lower Major Demand Zone)
EMA5 (Red Line):
* Currently below TP1 (2858), indicating sustained bullish momentum.
* EMA5’s behavior will be pivotal in determining the next price action trajectory.
Recommendations
* Focus on EMA5 Behavior for further confirmation
Bearish Case:
* If EMA5 holds below TP1 (2858) and resistance levels remain intact, bearish momentum may drive prices to retest GOLDTURN weighted levels.
* Scenario 1: If EMA5 crosses and locks below Entry 2813, expect further bearish movement toward GOLDTURN 2770.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2770, anticipate another decline toward the major support at GOLDTURN 2710.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2710, anticipate another decline toward the major support at GOLDTURN 2664.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2664, anticipate another decline toward the major support at GOLDTURN 2618.
Bullish Case:
Scenario 1: If EMA5 crosses and locks above TP1 (2858), the next bullish target is 2903.
Scenario 2: If EMA5 crosses and locks above TP2 (2903), the subsequent bullish target will be 2948.
Short-Term:
* Possible Reversal at the weighted GOLDTURN levels
* Utilize 1H and 4H timeframes to capture pullbacks at GOLDTURN levels.
* Target 30–40 pips per trade, focusing on shorter positions in this range-bound market.
* Each Level allows 30 -40 pips bounce, buy at dip level for proper risk management
Long-Term Outlook:
* Maintain a bullish bias, viewing pullbacks as buying opportunities.
* Buying dips from key levels ensures better risk management, avoiding the pitfalls of chasing tops.
Final Thoughts:
Trade with confidence and discipline. Our detailed and accurate analysis equips you to navigate market movements effectively. Stay tuned for daily updates and multi-timeframe insights to stay ahead in the game.
Please support us by likes, comments, boosts and following our channel.
Best regards,
📉💰 The Quantum Trading Mastery
Trade active
Note
As Stated earlier,
* EMA5 will determine the next direction price range.
* Focus on EMA5 reaction above or below key level 2858.
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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.