GOLD Buy Zone
Good day, traders.
A significant buy zone for large institutional traders lies between 20 and 40, aligning with the prior 9-day consolidation period before the breakout above 2665.
Analysis Details:
The 20-40 range reflects strong accumulation by major players, supported by increased volume and reduced volatility during consolidation.
The breakout above 2665 highlights this zone as a critical support level for future price action.
Implications: The 20-40 range will likely act as strong support during pullbacks, offering potential entry points for traders.
Monitor this zone for bullish signals and build positions with stops slightly below.
XAUUSD GOLD XAUUSD
A significant buy zone for large institutional traders lies between 20 and 40, aligning with the prior 9-day consolidation period before the breakout above 2665.
Analysis Details:
The 20-40 range reflects strong accumulation by major players, supported by increased volume and reduced volatility during consolidation.
The breakout above 2665 highlights this zone as a critical support level for future price action.
Implications: The 20-40 range will likely act as strong support during pullbacks, offering potential entry points for traders.
Monitor this zone for bullish signals and build positions with stops slightly below.
XAUUSD GOLD XAUUSD Trade active
I currently have an open position at 2636. My short-term targets are 2656 and 2665. I will monitor the position and reassess if those levels hold.Note
I forgot to drag my BUY ZONE box down to the 2620 level. Please use your own visualization on your chart.
Note
Got stopped out for my 2nd position. I reenter the trade at 2615.Note
Back into the buy zone above 2620.
Trade closed: stop reached
Stopped out at 2610.
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