GOLD 15M CHART UPDATE POTENTIAL SHORT TERM BULLISHDear Traders,
Here’s a quick 15M chart analysis for your reference.
Currently, the price is consolidating between support level at 2730 and resistance at 2744. The FVG provides an additional layer of support within the 2738–2740 range. Additionally, EMA5 has crossed above MA21, indicating a potential shift in momentum.
We will wait for confirmation of EMA5 crossing and locking above the ENTRY LEVEL at 2744 to signal upward momentum toward TP1. If EMA5 fails to lock above this level, the price is likely to drop due to resistance at 2744.
Please note: It’s a busy day on the forex calendar with multiple high-impact news events. Exercise caution, as high volatility is expected!
Key Updates:
Resistance Levels: 2745, 2771
Support Level: 2730
Bullish Targets:
If EMA5 crosses and locks above 2744, the next target is 2752.
If EMA5 crosses and locks above 2752, the next target is 2760.
If EMA5 crosses and locks above 2760, the next target is 2768.
Bearish Targets:
Key Level: 2744
If EMA5 crosses and locks below 2734, it will open the path to 2719.
If EMA5 crosses and locks below 2719, the next target is 2710.
If EMA5 crosses and locks below 2710, the final target is 2694.
We will closely monitor these levels and provide updates as EMA5 interacts with the weighted zones.
The QUANTUM Trading Mastery
