"Gold has broken its All-Time High (ATH) due to recent news, and now we must not miss the opportunity to trade the continuation move.
Key Timeframes Analyzed:
Weekly (W1)
Daily (D1)
4-Hour (H4)
The chart signals two potential bounce zones for continuation:
1️⃣ Breaker Block, which aligns across all key timeframes.
2️⃣ A deeper, more logical zone, which includes:
A nearly fractal OTE zone.
An untested FVG.
A lower daily breaker block.
The demand zone that triggered the breakout.
A large imbalance positioned just before the demand.
An untested range between the weekly and daily levels.
With multiple confirmations in place, I have outlined two trade setups, both targeting the 1.272 Fibonacci extension level for take profit.
Trade Setups:
🔹 Riskier Entry:
TWX: 2786.290
Take Profit: 2860
Stop Loss: 2768
🔹 Conservative Entry:
TWX: 2730
Take Profit: 2860
Stop Loss: 2701
Final Thoughts:
All of this became possible thanks to Trump, so let’s give him credit for making gold exciting to trade again! 😆🏆
Check the daily timeframe for a more detailed breakdown. Don’t miss this move!"
Key Timeframes Analyzed:
Weekly (W1)
Daily (D1)
4-Hour (H4)
The chart signals two potential bounce zones for continuation:
1️⃣ Breaker Block, which aligns across all key timeframes.
2️⃣ A deeper, more logical zone, which includes:
A nearly fractal OTE zone.
An untested FVG.
A lower daily breaker block.
The demand zone that triggered the breakout.
A large imbalance positioned just before the demand.
An untested range between the weekly and daily levels.
With multiple confirmations in place, I have outlined two trade setups, both targeting the 1.272 Fibonacci extension level for take profit.
Trade Setups:
🔹 Riskier Entry:
TWX: 2786.290
Take Profit: 2860
Stop Loss: 2768
🔹 Conservative Entry:
TWX: 2730
Take Profit: 2860
Stop Loss: 2701
Final Thoughts:
All of this became possible thanks to Trump, so let’s give him credit for making gold exciting to trade again! 😆🏆
Check the daily timeframe for a more detailed breakdown. Don’t miss this move!"
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.
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.