12H GOLD CHART ANALYSIS ROUTE MAPHello Traders,
Here’s our 12H chart analysis and target updates, which we’ve been tracking closely. To provide a comprehensive view, we also have 15M, 1H, 4H, 12H, and Daily chart analyses.
We utilize smaller timeframes (15M, 1H, and 4H) to buy dips from the weighed levels, targeting clean 30–40 pip moves. Ranging markets are ideal for this strategy, as they allow for consistent gains without the risk of getting caught in the swings associated with holding longer positions.
Previously, after the EMA5 crossed and locked above 2655, opening 2695, we consistently bought dips into 2686, completing this gap. We then noted that a candle body close above 2695 opened TAKE PROFIT 1, with further confirmation required from the EMA5 lock. This played out perfectly, and TAKE PROFIT 1 (2735) has now been achieved.
To reach TAKE PROFIT 2, the candle body must close above 2735, with the EMA5 locking above this level for confirmation. This would open the path to our next target at TAKE PROFIT 2 (2774).
To simplify your trades, we’ve added entry levels and take profit targets (TP1, TP2, TP3). These levels are aligned with the EMA5 crossing and holding above each, determining the subsequent targets.
For example, when the EMA5 crosses and locks above the ENTRY level, you can take a bullish position and aim for TAKE PROFIT 1 (TP1). If EMA5 fails to lock above TP1, the price may reverse and retest the bottom level, presenting another opportunity to buy dips. Conversely, if EMA5 crosses and locks below the bottom level, it’s best to wait for confirmation, as this could signal a shift in direction.
Our long-term bias remains bullish, and we view price drops as opportunities to leverage smaller timeframes for dip-buying using our defined levels and setups.
Buying dips allows for safer trade management by capitalizing on swings without chasing the bullish momentum from higher levels.
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As always, trade safe.
TheQuantumTraders
