Trend Overview: Bullish Momentum Intact
- **Current Price:** $3,336
- **Trend Direction:** Strong uptrend – higher highs and higher lows
- **Key Moving Averages:**
- EMA 7: $3,334.49 (price above – short-term momentum bullish)
- EMA 21: $3,320.83 (supportive base)
- EMA 50: $3,295.57 (strong trend support)
Bullish Scenario (Green Arrows)
- Price remains above EMAs and the rising trendline.
- Potential pullbacks may test the **support zone** near $3,320–$3,295 (gray area).
- If buyers defend the support, price could aim for **$3,360–$3,380** and beyond.
- Breakouts above local highs can signal continuation of the uptrend.
Bearish Risk (Red Arrow)
- A breakdown below **$3,295 (EMA50)** and the gray support zone could signal a trend shift.
- Downside targets could be **$3,260–$3,240** in case of heavy selling pressure.
- Watch for volume spikes on bearish candles.
Conclusion
As long as price stays above the trendline and 50 EMA, bulls remain in control. Any dips into the gray zone could present **buy-the-dip** opportunities. But a break below $3,295 flips the bias to short-term bearish. https://www.tradingview.com/x/nKhc8qWD/
- **Current Price:** $3,336
- **Trend Direction:** Strong uptrend – higher highs and higher lows
- **Key Moving Averages:**
- EMA 7: $3,334.49 (price above – short-term momentum bullish)
- EMA 21: $3,320.83 (supportive base)
- EMA 50: $3,295.57 (strong trend support)
Bullish Scenario (Green Arrows)
- Price remains above EMAs and the rising trendline.
- Potential pullbacks may test the **support zone** near $3,320–$3,295 (gray area).
- If buyers defend the support, price could aim for **$3,360–$3,380** and beyond.
- Breakouts above local highs can signal continuation of the uptrend.
Bearish Risk (Red Arrow)
- A breakdown below **$3,295 (EMA50)** and the gray support zone could signal a trend shift.
- Downside targets could be **$3,260–$3,240** in case of heavy selling pressure.
- Watch for volume spikes on bearish candles.
Conclusion
As long as price stays above the trendline and 50 EMA, bulls remain in control. Any dips into the gray zone could present **buy-the-dip** opportunities. But a break below $3,295 flips the bias to short-term bearish. https://www.tradingview.com/x/nKhc8qWD/
Trade active
🔔 **Gold Buy Trade – Full Breakdown** 🔔📌 **Entry Point:** $3,340 (after confirmed breakout and bullish structure)
📈 **Current Price/Target Hit:** $3,396
💰 **Total Gain:** 550+ pips profit
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### 🔍 **Why This Trade Worked**
- **Breakout Confirmation:** Price broke above resistance and held above key EMAs (7, 21, 50).
- **Trend Support:** Price followed the bullish trendline with strong buying volume.
- **Market Sentiment:** Ongoing global uncertainty and inflation expectations continued to support Gold demand.
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### ✅ **Key Takeaways**
- **Precision Entry**: Buy triggered after retest and confirmation.
- **Perfect Trend Ride**: EMAs aligned in bullish formation.
- **TP Hit with Strength**: Strong bullish momentum carried price straight to the target zone.
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🎉 **Congratulations** to those who followed the signal!
📌 **All trades closed** — profits secured.
📲 Stay tuned for the next high-probability trade setup.
Trade closed: target reached
close all trades now
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.