🔹 Market Sentiment: Bullish ✅
🔍 Technical Analysis:
📈 Trend: Gold remains in an upward trajectory, forming higher highs & higher lows.
📊 Key Indicators:
EMA & Market Structure: Price holding above key EMAs signals continued bullish momentum.
RSI: Trending towards overbought zone, confirming strong buying interest.
Support & Resistance:
Support: 3014 – 3021 (Optimal Buy Zone)
Resistance: 3042 – 3057 (Take Profit Zones)
Fair Value Gaps & Order Blocks: Price likely to revisit demand zones before pushing higher.
🎯 Trading Strategy:
✅ Buy Entry: 3014 – 3021
🎯 Targets: 3042, then 3057
🚨 Stop-Loss: Below 3010 (break of support)
⚠️ Risk Management: Use proper lot sizing & trailing stops to maximize gains.
💡 Conclusion: Gold is set for a bullish breakout; watch for confirmations near the buy zone. 🚀📊
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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.