GOLD on the 1H timeframe is reacting from a previously tested demand zone around 3000.
Watching for a clean break & retest above 3044 for bullish continuation toward 3065.
Trendline break could act as early confirmation.
Structure-based idea shared by CelestiaPips.
Watching for a clean break & retest above 3044 for bullish continuation toward 3065.
Trendline break could act as early confirmation.
Structure-based idea shared by CelestiaPips.
Trade active
🔄 Idea Update: GOLD respected the H1 demand zone perfectly and delivered a $15 push so far. Early confirmation came from trendline break + clean reaction at our retest zone.
Currently watching price behavior above 3044 for potential continuation or signs of slowdown.
Full zone map + projection still valid.
— CelestiaPips 💫
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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.