GOLD MONTLHY CHART LONG ROUTE MAP ANALYSIS
Dear Traders,
Attached is the Monthly Chart Route Map for GOLD. Since October 2023, we have been consistently analyzing and trading GOLD with 100% accuracy in our targets. The Golden Circle Area marked on the chart clearly reflects our precise analysis and targets achieved.
The EMA5 has crossed the ENTRY LEVEL, leading to the successful achievement of TP1, followed by TP2. We are now anticipating TP3.
What’s Next for GOLD?
The FVG has provided strong support at 2535 level that caused the price to push upward to 2785 and also the monthly chart confirms that EMA5 has crossed and locked above TP2 (2603), signaling the next bullish target at TP3 (2920). While external market factors may slow momentum or cause temporary reversals, we are confident that TP3 will be reached in due time.
Once TP3 is hit, a significant correction to lower weighted levels is expected before the bullish trend resumes, as indicated on the chart.
Key Levels:
Support: 1969
TP1: 2286 ✅ (Achieved)
TP2: 2603 ✅ (Achieved)
TP3: 2920 ⏳ (Pending)
Short-Term Strategy:
We will utilize smaller timeframes (1H and 4H charts) to buy dips at key weighted levels, targeting clean 30-40 pips per trade. This strategy is most effective in ranging markets, avoiding extended holds that may be exposed to high volatility.
Long-Term Bias:
Our outlook remains bullish, viewing market drops as buying opportunities. We will continue to leverage predefined levels and setups for optimized entries in smaller timeframes.
🔺 THE QUANTUM TRADING MASTERY 🔺
Attached is the Monthly Chart Route Map for GOLD. Since October 2023, we have been consistently analyzing and trading GOLD with 100% accuracy in our targets. The Golden Circle Area marked on the chart clearly reflects our precise analysis and targets achieved.
The EMA5 has crossed the ENTRY LEVEL, leading to the successful achievement of TP1, followed by TP2. We are now anticipating TP3.
What’s Next for GOLD?
The FVG has provided strong support at 2535 level that caused the price to push upward to 2785 and also the monthly chart confirms that EMA5 has crossed and locked above TP2 (2603), signaling the next bullish target at TP3 (2920). While external market factors may slow momentum or cause temporary reversals, we are confident that TP3 will be reached in due time.
Once TP3 is hit, a significant correction to lower weighted levels is expected before the bullish trend resumes, as indicated on the chart.
Key Levels:
Support: 1969
TP1: 2286 ✅ (Achieved)
TP2: 2603 ✅ (Achieved)
TP3: 2920 ⏳ (Pending)
Short-Term Strategy:
We will utilize smaller timeframes (1H and 4H charts) to buy dips at key weighted levels, targeting clean 30-40 pips per trade. This strategy is most effective in ranging markets, avoiding extended holds that may be exposed to high volatility.
Long-Term Bias:
Our outlook remains bullish, viewing market drops as buying opportunities. We will continue to leverage predefined levels and setups for optimized entries in smaller timeframes.
🔺 THE QUANTUM TRADING MASTERY 🔺
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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.