GOLD 12H CHART ROUTE MAP ANALYSIS FOR THE WEEK Dear Traders,
Here is our 12H chart analysis and target update:
Previous Chart Review:
Outcome:
✅ All targets and entry levels (marked with Golden Circles) were achieved as predicted.
TP1 2745 - DONE
TP2 2786 - DONE
TP3 2826 - DONE
Market Overview:
* ENTRY LEVEL: 2814
* Target TP1 successfully hit already at 2858
* GOLD is trading at an ATH of 2858, oscillating between the weighted level with a gap above 2858 and a gap below the 2814 Entry Level.
* FVG are offering strong support in this range.
Resistance Levels:
2858, 2903, 2948
Key Support: 2618
Support Levels (blue GOLDTURN Levels are activated):
2813 (Critical Weighted Level)
2770 (Critical Weighted Level)
2710 (Critical Weighted Level)
2664 (Major Support Level)
2618 (Lower Major Demand Zone)
EMA5 (Red Line):
* Currently below TP1 (2858), indicating sustained bullish momentum.
* EMA5’s behavior will be pivotal in determining the next price action trajectory.
Recommendations
* Focus on EMA5 Behavior for further confirmation
Bearish Case:
* If EMA5 holds below TP1 (2858) and resistance levels remain intact, bearish momentum may drive prices to retest GOLDTURN weighted levels.
* Scenario 1: If EMA5 crosses and locks below Entry 2813, expect further bearish movement toward GOLDTURN 2770.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2770, anticipate another decline toward the major support at GOLDTURN 2710.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2710, anticipate another decline toward the major support at GOLDTURN 2664.
* Scenario 2: If EMA5 crosses and locks below GOLDTURN 2664, anticipate another decline toward the major support at GOLDTURN 2618.
Bullish Case:
Scenario 1: If EMA5 crosses and locks above TP1 (2858), the next bullish target is 2903.
Scenario 2: If EMA5 crosses and locks above TP2 (2903), the subsequent bullish target will be 2948.
Short-Term:
* Possible Reversal at the weighted GOLDTURN levels
* Utilize 1H and 4H timeframes to capture pullbacks at GOLDTURN levels.
* Target 30–40 pips per trade, focusing on shorter positions in this range-bound market.
* Each Level allows 30 -40 pips bounce, buy at dip level for proper risk management
Long-Term Outlook:
* Maintain a bullish bias, viewing pullbacks as buying opportunities.
* Buying dips from key levels ensures better risk management, avoiding the pitfalls of chasing tops.
Final Thoughts:
Trade with confidence and discipline. Our detailed and accurate analysis equips you to navigate market movements effectively. Stay tuned for daily updates and multi-timeframe insights to stay ahead in the game.
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Best regards,
📉💰 The Quantum Trading Mastery
