GOLD DAILY CHART MID/LONG TERM UPDATEGOLD Daily Chart Update: 17the FEB 2025
Hello Traders,
Here’s the latest update on the GOLD daily chart, which we've been closely monitoring and trading. Below, we break down recent price movements, updated key levels, and provide actionable insights for the days ahead.
Recap of Recent Chart Success!
Our recent analysis has proven highly accurate:
ENTRY LEVEL 2744: ✅ Achieved
TARGET TP1 (2807): ✅ Achieved
TARGET TP2 (2870): ✅ Achieved
TARGET TP3 (2933): ✅ Achieved
What’s Next for GOLD? Bullish or Bearish?
Last week, GOLD reached an all-time high of 2942.59. Currently, the price is fluctuating between the gap above 2933 and the gap below 2870. 2933 is acting as a key resistance level, and an FVG (Fair Value Gap) has formed to reinforce this resistance. As a result, our GoldTurn levels are now activated as key support zones.
KEY LEVEL: 2870
Resistance Levels: 2933, 2990, 3051
Support Levels (GoldTurn Levels): 2870, 2801, 2744, 2671, 2595
EMA5 Behavior:
* Or If EMA5 crosses and locks above 2933, it strengthens the bullish case.
* If EMA5 fails to hold above 2870, cross and lock below this level 2870, expect a pullback to key GOLDTURN levels below.
Recommendations:
* Capitalize on Dip Opportunities: Use smaller timeframes (1H, 4H) to trade around GOLDTURN levels, targeting 30–40 pips per trade.
* Stay focused on shorter trades in this range-bound market to manage volatility effectively.
Long-Term Bias:
Maintain a bullish outlook while viewing pullbacks as buying opportunities.
Accumulate positions near key support levels for a safer approach instead of chasing highs.
Final Note:
Trade with confidence and precision. Our analysis ensures you’re well-prepared to navigate the evolving market landscape. Stay updated with our daily insights across multiple timeframes for deeper clarity.
Thank you for your continued trust! Don’t forget to like, share, and comment to support our work.
Best regards,
The Quantum Trading Mastery Team
