Gold is moving in range between 2978 - 3000 where price consolidating. On a 30-minute timeframe, highlighting key market phases:
🔹 Accumulation and potential Distribution within a defined range.
If the market break above the previous high we could see a potential buy side move, creating new highs
🔹 📉 Potential Distribution Phase
The price is nearing resistance, which could lead to:
❌ Rejection & Sell-off (distribution phase)
🔹 Accumulation and potential Distribution within a defined range.
If the market break above the previous high we could see a potential buy side move, creating new highs
🔹 📉 Potential Distribution Phase
The price is nearing resistance, which could lead to:
❌ Rejection & Sell-off (distribution phase)
Trade active
Market breaks the zone with a very aggressive momentum we can enter in long from 3000 zone with some confirmation and let the profit runTrade closed: target reached
🚀 As predicted, Gold broke out of the accumulation phase with strong bullish momentum, confirming our buy-side setup.🔹 📈 Entry: Around 3000 zone with confirmation
🔹 🎯 Target: Achieved 240+ pips profit
✅ Trade Closed Successfully with target hit
⚡ Price Action: Market reached new highs post-breakout
📢 Stay tuned for the next opportunity! 🔥
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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.