XAUUSD Mind Mapping Breakout – MMC Strategy + Target📍 Overview:
In today's Gold (XAUUSD) 30-minute chart, we’re witnessing a flawless execution of MMC (Mind Mapping Concept) strategy combined with SMC (Smart Money Concept) principles. This is a perfect case study for traders who want to understand how psychology, curve-based support, and structural mapping come together to create a high-probability bullish setup.
🔍 Full Breakdown of the Chart
1. Initial Market Behavior: Liquidity Grab & Structural Shift
The market begins with a bearish drop, clearing liquidity below the previous consolidation.
This is followed by a QFL zone (Quick Flip Level), which acts as a smart money accumulation point.
Shortly after, price rebounds from the SR Interchange zone, where resistance transforms into support—a key MMC signal for upcoming structural shift.
🧠 Key Concept: Smart money often grabs liquidity before making a move. These zones are critical for identifying market reversals.
2. Black Mind Curve Support – Dynamic Trend Logic
The Black Mind Curve is a dynamic support curve, not a traditional trendline. It represents how the market naturally flows, mapping out the collective psychology of buyers.
Price respects this curve multiple times, forming higher lows—each one stronger than the last.
This is where patient MMC traders build their positions, aligning entries with psychological market rhythm.
🔥 Why It Matters: While static lines may break under pressure, dynamic curves breathe with the market, providing more accurate structure support.
3. Structure Mapping – Tracking Market Intentions
Structure Mapping is one of the core MMC techniques—tracking the "story" price action is telling through:
BOS (Break of Structure)
QFL traps
SR interchanges
Internal higher-highs and higher-lows
The Major BOS line indicates a key shift in market direction from bearish to bullish, a confirmation point for trend-followers.
📌 Lesson: Once BOS is confirmed, the probability favors continuation rather than reversal.
4. Ellipse Trap – The Psychological Kill Zone
This blue-highlighted ellipse zone marks where retail traders often get manipulated—buying false breakouts or shorting fake reversals.
Price consolidates inside this ellipse before launching upwards.
MMC refers to this phase as the “After Effect”—where true momentum begins after psychological traps are triggered.
🎯 Insight: Never enter a trade inside the ellipse unless you clearly understand market context—it’s where the market “confuses the masses.”
5. VIP Zone – The High-Probability Entry Window
The VIP zone is a small but powerful price area where risk is minimized, and reward is maximized.
It aligns with the curve, inner structure support, and BOS retest. This is your ideal entry zone, especially for those using curve-based confirmations.
🔑 Pro Tip: This is the sniper entry for MMC traders. Small SL, big reward. Enter after internal confirmation like pin bars or bullish engulfing.
6. Target Zone & Next Reversal Area
After the explosive breakout, price hits the projected target marked clearly on the chart.
The move aligns with prior imbalance zones and market inefficiencies, filling previous gaps.
The market is now approaching the Next Reversal Zone, highlighted in blue—this is where MMC traders start watching for signs of exhaustion.
📉 What to Watch:
Slowing bullish candles
Bearish divergence on RSI or momentum indicators
Sudden spikes in volume with no further upside
📚 Key MMC Concepts in This Chart:
Concept Description
QFL Zone Quick Flip Level; a liquidity trap zone before reversals.
Black Mind Curve Curved support line reflecting psychological market flow.
Structure Mapping Tracking HH/HL and BOS to define clear market bias.
Ellipse Trap Market maker zone used to trap and reverse retail traders.
VIP Entry Zone The safest and most efficient entry after structure confirmation.
Next Reversal Zone Anticipated resistance based on confluence of previous S/R and imbalance.
🧠 Strategic Conclusion:
This analysis perfectly illustrates how combining SMC with MMC enhances your trading edge. It’s not about predicting price, but understanding structure, reading psychology, and entering at high-probability points.
Whether you're a scalper, day trader, or swing trader, using curve-based mapping like the Black Mind Curve gives you a fluid understanding of price, beyond rigid lines and lagging indicators.
💡 Final Thoughts:
📈 Follow the Story, Not the Noise.
📉 Enter Where It Makes Sense, Exit Where Others Get Emotional.
⚡ Use MMC to Read What the Market is Really Saying.
✅ Action Plan:
🔍 Monitor price in the Next Reversal Zone.
📉 Look for exhaustion signals before considering shorts.
🟢 If bullish continuation holds above target zone, next micro-level target would be derived from 1.618 Fibonacci extension.
XAUUSD trade ideas
Gold Channel Rejection ZoneGold (XAUUSD) remains in a strong long-term uptrend, respecting a well-defined ascending channel on the weekly timeframe. Price is currently testing the upper boundary of this channel, suggesting potential exhaustion near the resistance zone.
A bearish rejection from this area could trigger a corrective move toward the lower boundary of the channel, aligning with a healthy pullback in an overall bullish structure. The chart also highlights a clear risk-to-reward setup, with a stop loss positioned above the recent highs and a target toward channel support.
As long as price remains below the channel top, downside pressure is likely in the incoming weeks. A confirmed breakout above the channel, however, would invalidate the bearish move and signal continuation of the bullish momentum.
Stop loss: 3443
Take profit: Around 2895 ( EMA 200 Daily )
GOLD WEEKLYThe latest US labor market data presents a mixed picture for the Federal Reserve's interest rate path and gold prices.
Labor Market Analysis
Average Hourly Earnings (0.4% m/m vs. 0.3% forecast):
Wage growth accelerated, surpassing expectations and the prior month's 0.2%. This raises concerns about persistent inflationary pressures, as higher wages often translate to increased consumer spending and business cost passthroughs.
Non-Farm Employment Change (139K vs. 126K forecast):
Job gains exceeded estimates but fell short of the previous 147K. This suggests moderate labor market resilience without overheating.
Unemployment Rate (4.2% steady):
Stability at this level indicates a balanced labor market, reducing urgency for immediate Fed action.
Fed Policy Implications
The strong wage growth reinforces hawkish concerns about inflation persistence, potentially delaying rate cuts. However, the mixed jobs figure (above forecasts but below prior) and stable unemployment rate give the Fed room to maintain its current 4.25%–4.50% target range. Markets will watch for:
Confirmation of wage-driven inflation in upcoming CPI/PCE reports
Whether job growth stabilizes or continues decelerating
Gold Price Outlook
Short-term pressure: Rising wage inflation reduces expectations for near-term rate cuts, boosting Treasury yields and the dollar. This creates headwinds for gold, which struggles against higher opportunity costs.
Long-term support: If wage growth sustains negative real interest rates (inflation > nominal rates), gold could rebound as a hedge. Current projections suggest real rates may remain negative through 2025.
Key Scenarios
Wage growth persists Delayed rate cuts Downward pressure
Job growth slows sharply Earlier dovish pivot Rally above supply roof
Inflation moderates Status quo Range-bound trading
The Fed will likely maintain rates in June while emphasizing data dependency. Gold's trajectory hinges on whether wage trends validate stagflation fears or show signs of moderation. Traders should monitor July's jobs report and Q2 inflation data for clearer directional bias.
#gold
Hanzo / Gold 15m Path ( Confirmed Bearih Reversal Zone )🔥 GOLD – 15 Min Scalping Analysis (Bearish Setup)
Bias: Waiting Reversal
Time Frame: 15 Min
Entry Type: Confirmed Entry After Break Out
👌Bearish Reversal : 3378
☄️ Hanzo Protocol: Dual-Direction Entry Intel
➕ Zone Activated: Strategic Reaction from Refined Liquidity Layer
Marked volatility from a high-precision supply/demand zone. System detects potential for both long and short operations.
🩸 Momentum Signature Detected:
Displacement candle confirms directional intent — AI pattern scan active.
— If upward: Bullish momentum burst.
— If downward: Aggressive bearish rejection.
💯 Market Zone: Transition Phase
Asset in premium-to-discount (or vice versa) range — valid for both reversal and continuation trades. Execute with precision.
Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard XAUUSD PLAN – Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard
After a sharp rebound candle yesterday, gold unexpectedly reversed in the Asian session, plunging over $30 as market participants rushed to exit positions ahead of the monthly close. The move reflects strong technical rejection and potential macro pressure.
🌐 MACRO OUTLOOK – US-CHINA TRADE TENSIONS BACK IN FOCUS
Trade negotiations between the US and China are showing renewed signs of strain, especially around tariff policies.
The uncertainty has not triggered safe-haven flows into gold—a sign of waning momentum.
Dollar Index (DXY) remains range-bound, offering no clear direction.
Broad market sentiment indicates institutional cash-out behavior ahead of the weekly and monthly candle closes.
📉 TECHNICAL OUTLOOK – BEARISH STRUCTURE STILL INTACT
Gold is respecting a downward sloping channel on the H1 timeframe.
Price failed to hold above EMA 200, reinforcing bearish bias.
EMA 13 – 34 – 89 – 200 are in bearish alignment, showing continued downside momentum.
Support at 3274 – 3276 is a key reaction zone for potential scalping opportunities.
🔑 KEY PRICE LEVELS TO WATCH
🔴 SELL ZONE: 3322 – 3324
Stop-Loss: 3328
Take-Profit: 3318 → 3314 → 3310 → 3306 → 3300 → 3295 → 3290 → 3280
🟢 BUY ZONE: 3266 – 3264
Stop-Loss: 3260
Take-Profit: 3270 → 3274 → 3278 → 3282 → 3286 → 3290 → 3300
⚡ BONUS SCALP SETUPS
Support Zone 3274 – 3276 → Look for bullish rejection for a quick BUY SCALP (Target: 50 pips / SL: 50 pips)
Resistance Zones 3302 – 3304 and 3310 → Watch for early rejection to enter SELL SCALP, with extended downside targets.
📌 STRATEGY NOTES
Priority: Short-term sell bias unless price reclaims 3310 with momentum.
Avoid trading in the mid-range; wait for price to reach key reaction zones.
Today’s structure favors liquidity sweeps, so patience and disciplined entries are crucial—especially during London and NY overlap.
Can the bulls help gold hit 3400 today?⭐️GOLDEN INFORMATION:
Gold prices surged more than 0.80% on Wednesday during the North American session, buoyed by disappointing U.S. economic data that signaled a slowdown in business activity and softer job growth. XAU/USD climbed to $3,382 after rebounding from a session low of $3,343.
Heightened tensions between the U.S. and China also contributed to bullish momentum in bullion. With uncertainty looming over upcoming trade negotiations between Washington and Beijing, investors sought refuge in safe-haven assets like gold.
Adding to market jitters, President Donald Trump signed an executive order doubling tariffs on steel and aluminum imports—from 25% to 50%—effective June 4. The move came just days ahead of a highly anticipated call between Trump and Chinese President Xi Jinping, further fueling concerns over escalating trade frictions.
⭐️Personal comments NOVA:
Buying power is continuing, will break out strongly in the US trading session
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3435- 3437 SL 3442
TP1: $3420
TP2: $3410
TP3: $3400
🔥BUY GOLD zone: $3344- $3346 SL $3339
TP1: $3355
TP2: $3368
TP3: $3382
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
DeGRAM | GOLD bullish takeover📊 Technical Analysis
● Price reclaimed the grey 3 305-3 330 supply and is now basing on the purple trend-line, turning a former cap into demand and keeping the sequence of higher-lows inside the 2-month rising channel.
● An H16 bullish engulfing fixed above the old channel roof (≈3 342) and completes an ascending triangle whose 1.618 swing points to the 3 435 confluence zone; a break of that ceiling would expose the fib / outer rail cluster near 3 500.
💡 Fundamental Analysis
● World Gold Council reports May was the strongest month of net central-bank buying since January, offsetting ETF outflows, while weaker US ADP hiring trimmed yields and cooled the dollar, supporting bullion.
✨ Summary
Buy 3 305-3 330; triangle break >3 350 targets 3 435, stretch 3 500. Long view void on a 16 h close <3 245.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
June 4, 2025 - XAUUSD GOLD Analysis and Potential OpportunitySummary:
Bullish momentum is weakening. Bulls must reclaim 3365 to regain control.
Watch 3350 closely — if it holds, bullish strength remains. If it breaks, consider short setups on pullbacks to resistance.
Today’s key zone to monitor: 3366–3350–3332.
🔍 Key Levels to Watch:
• 3435 – Resistance
• 3415 – Resistance
• 3398–3400 – Psychological resistance zone
• 3385 – Intraday key resistance
• 3365 – Intraday key resistance
• 3350 – Midpoint (bull-bear line)
• 3332 – Support
• 3323 – Critical support
• 3300 – Psychological level
📉 Macro Strategy:
1. SELL if price breaks below 3344 → watch 3332, then 3323 and 3310
2. BUY if price holds above 3365 → watch 3370, then 3379, 3385, and 3392
👍 Curious how I enter trades and place stops?
Tap boost to let me know there’s interest — I might do a dedicated post explaining my approach.
Disclaimer: This is my personal view, not financial advice. Always manage your risk.
GOLD Trading Opportunity! BUY!
My dear subscribers,
This is my opinion on the GOLD next move:
The instrument tests an important psychological level 3344.4
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 3358.5
My Stop Loss - 3336.9
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Gold is long near 3350 in the US market
It was at 3361 the previous second, and it reached 3348 the next second. The market was directly washing up and down. You said it would fall. It broke through 3400 directly when it rose, but then fell again. It fell directly below the 3350 bullish dividing point when it fell. The current point is around 3353.
Friday is the big non-agricultural data, and we are waiting for the non-agricultural data to be laid out again tomorrow!
Gold: BUY GOLD zone: light position operation (can add positions in batches)
$3344- $3354 SL $3339
TP around3400- 3410
XAUUSD Today’s second trade opportunity comes from the XAUUSD pair.
Out of the two trades we opened yesterday on Gold, one hit TP, while the other unfortunately hit SL — although I was quite confident in that setup. No worries… This is the FX market, and opportunities are endless.
Once again, today I’ve spotted a promising buy setup on XAUUSD, and the trade is currently active on my side.
🔍 Trade Details:
✔️ Timeframe: 15-Minute
✔️ Risk-to-Reward Ratio: 1:1.50 / 1:2
✔️ Trade Direction: Buy
✔️ Entry Price: 3356.62
✔️ Take Profit: 3365.93
✔️ Stop Loss: 3351.97
🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes.
📌 Interested in a systematic, data-driven trading approach?
💡 Follow the page and turn on notifications to stay updated on future trade setups and advanced market insights.
Gold plunges, what will be the trend next week?From the daily chart:
Since the last round of breaking the triangle convergence oscillation and breaking the trend line, gold has surged to 3400, but the upward momentum is insufficient and it has retreated. The low point of the retreat on Friday happened to be the support level of the previous triangle convergence trend line near 3300. If it falls below, the price will return to the triangle convergence oscillation range, and the gold price may fall further;
From the perspective of gold 1 hour, the MA5-day and 10-day moving averages have formed a dead cross downward, so gold still has downward momentum. After the gold 1-hour high box oscillation, gold finally broke through the box downward, indicating that the gold shorts are better, so the bottom of the gold box has now formed resistance, and the gold short-term resistance to gold has been formed near 3335. If gold is 3335 at the beginning of next week, then gold can continue to be short.
Next week's operation strategy is still around the 3285-3335 range.
XAUUSD A few hours ago, the gold trade I shared closed with a profit. Congratulations to everyone who took advantage of it. We've now seen a slight pullback, and I'm seizing the opportunity by opening another sell trade on XAUUSD — here are the details for those interested:
🔍 Trade Details:
✔️ Timeframe: 15-Minute
✔️ Risk-to-Reward Ratio: 1:1.50
✔️ Trade Direction: Sell
✔️ Entry Price: 3348.32
✔️ Take Profit: 3339.69
✔️ Stop Loss: 3354.06
🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes.
📌 Interested in a systematic, data-driven trading approach?
💡 Follow the page and turn on notifications to stay updated on future trade setups and advanced market insights.
GOLD (XAUUSD) Technical Analysis – MMC Strategy Breakdown🧠 Conceptual Foundation:
This analysis is rooted in Market Maker Concepts (MMC), focusing on how smart money manipulates liquidity, traps retail traders, and shifts structure before making big moves. The GOLD market today gave us a high-probability setup that combined several key technical elements: SR interchanges, structure shifts, trendline breaks, and a major arc pattern.
Let’s dissect it step-by-step:
1️⃣ Initial Downtrend & Liquidity Sweep
In the early part of the chart, GOLD was in a clear bearish trend, forming lower highs and lower lows, consistently respecting a descending trendline. This downtrend attracted retail sellers who kept entering shorts, reinforcing the bearish sentiment.
🔻 However, right before the reversal, GOLD made a sharp move down to grab liquidity below previous lows near the $3,361–$3,364 support zone. This is a classic MMC liquidity trap — clearing out stop-losses of early buyers before initiating a reversal.
2️⃣ SR Interchange Zones (Smart Money Play)
Around the levels of $3,361 and $3,364, we noticed strong Support-Resistance Interchange (SR Flip) behavior:
These zones were first used as support during the initial decline.
Once broken, they acted as resistance, and again flipped to support post-breakout.
This flip signals institutional involvement — smart money often builds positions in these zones.
These interchanges also acted as the base of accumulation, preparing for a bullish breakout.
3️⃣ Trendline Breakout – Early Reversal Confirmation
As the price consolidated and coiled around the SR zones, it finally broke the descending trendline — a major reversal signal.
This breakout was accompanied by strong bullish candles, showing a sudden shift in momentum. It's likely that smart money stepped in aggressively, initiating a structure shift.
4️⃣ Arc Pattern Formation – Visual Clue of Accumulation
The most eye-catching part of this chart is the arc pattern — a rounded bottom formation. This type of pattern typically indicates accumulation phase, where institutions quietly enter positions while retail sentiment is confused or bearish.
🟡 The arc acts like a pressure cooker: as price coils and liquidity builds, it eventually explodes in the direction of accumulation — in this case, bullish.
5️⃣ Structure Shift – Confirmation of Bullish Intent
Once price broke above the internal structure (previous lower highs), it confirmed a structure shift from bearish to bullish.
📈 This is one of the most critical elements in MMC:
It tells us that smart money has reversed the flow.
The shift often leads to expansive moves in the new direction (as we saw here).
6️⃣ Next Reversal Area (Key Supply Zone)
Price continued surging upward and reached a predefined Reversal Area around $3,405–$3,410. This zone is likely to contain historical supply and institutional sell orders.
As expected:
Price showed early rejection signs from this level.
A potential short-term pullback or distribution phase may now be underway.
If bulls reclaim this zone, it may lead to further upside toward $3,420–$3,430.
📌 Key Technical Highlights:
Component Observation
Trendline Clean break signals momentum shift
SR Interchange Zones Strong demand re-entry near $3,361–$3,364
Arc Pattern Indicates bottoming and accumulation phase
Structure Shift Broke prior lower highs confirming bullish bias
Reversal Zone $3,405–$3,410 acting as resistance; possible rejection/pullback point
🔮 What to Expect Next?
If price rejects the $3,405–$3,410 zone again and forms a lower high, expect a pullback to $3,375–$3,380.
A break above the reversal zone with strong volume may open the door to new highs, targeting $3,420+.
Use caution around news events or high-impact fundamentals (e.g., USD data releases).
💡 Trading Strategy Ideas:
✅ Long Scenario (Already Played Out):
Entry: Post-trendline break + arc confirmation
TP1: Reversal Zone at $3,405
SL: Below $3,361 SR Flip
🔁 Potential Short Setup:
Entry: On bearish confirmation from $3,405–$3,410
TP1: $3,375
TP2: $3,364
SL: Above $3,412 (reversal zone high)
📢 Final Thoughts:
This chart is a great example of how MMC (Market Maker Concepts), when combined with clean price action tools like trendlines, SR zones, and structure shifts, can offer high-accuracy trades.
Don't chase price. Wait for zones to react. Let the market show its hand before taking action.
XAUUSD FREE DAYTRADE SIGNAL!!!hello everyone i want share my free signal at XAUUSD.
Price tested well 30 FVG, we have bullish trend at all at gold and after consolidation golf found buyer + Dollar is bearish.
Here is my setup:
Open long position at 3368
Stop loss at 3364
Profit target 1 at 3377 profit target 2 at 3384
ALWAYS MAKE YOUR OWN RESEARCH !!!!
GOLD BEARS ARE STRONG HERE|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,372.81
Target Level: 3,223.59
Stop Loss: 3,472.30
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Gold Intraday Trading Plan 6/3/2025In my weekly post, I mentioned as long as 3245 holds, gold is bullish and it is likely to form an inverted head and shoulder pattern if this week closes in a positive note. Indeed gold went up straightaway without testing 3245 support, breaking both 3325 and 3365 resistance. This is a sign of strong bullish momentum.
I will be only engaging buying orders today since the bull is so strong. Will look for buying opportunity from 3365, targeting 3430 today.
GOLD BULLISH TO $3,620 - $3,730Here's a breakdown video of how I used my EW strategy to identify the next bullish target for Gold towards a new ATH.
⭕️Wave 3 Peaked at $3,500.
⭕️Simple 3 Sub-Wave (A,B,C) Correction Complete for Wave 4.
⭕️Strong Support Zone at Wave 4 Low of $3,122.
⭕️Fibonacci Retracement Used to Target Wave 5 Target.
Gold delivering excellent returnsTechnical analysis: As expected yesterday’s session local Higher High’s rejection pushed Gold aggressively towards my take Profit of #3,381.80 to form #1-session Low’s. Traders witnessed Technically driven slide after Fundamentally driven uptrend which I always look to utilize as Shorting is excellent way to make Profits on Gold (mostly Technically on the way down lately from Fundamental upside spikes) since there is lot’s more Technical pointers and traffic in Selling than Buying, as said Bull leaps are usually Fundamentally driven on Gold. Hourly 4 chart is approaching #7-session old Neutral Rectangle however Hourly 4 chart may shake off the last of it’s Neutral values and align with semi-Bullish Fundamental perspective which is approaching #3,400.80 benchmark and local Low's rejection may deliver Buying signal. DX rebounded strongly off it’s local Low’s and is now in the process of seeking the Resistance. (#1W) Weekly chart’s candle is near a (# +1.91%) close, effectively limiting the losses / however on the other side, Buying pressure is not so strong as it was past few Months and that’s why you witness such Low Volume movements and aggressive Bearish reversals. Monthly candle is now at (# -0.59%) and the goal is to rise further by closing, extending the Bullish continuity. That is why Traders should observe their gains / losses on a Monthly basis, as despite the Volatility on smaller timeframes as this one, the Medium / Long-term patterns always prevail.
My position: I have Sold Gold throughout yesterday's session from #3,395.80 towards #3,382.80 Support after #3,400.80 benchmark rejected the Price-action and that order delivered biggest Profit on single position in my entire Trading career if I may say (#124.000 Eur). I have re-Bought Gold twice on #3,342.80 and #3,346.80 and closed both orders on #3,354.80 which was excellent way to finish a session. Keep in mind that NFP is ahead on the calendar and keep in mind that I do expect upside surprise which may fuel more Selling action on Gold. However if NFP delivers downside surprise, I am confident that #3,400.80 benchmark will be tested on news aftermath.
BREAKOUT SOON | $3700 - $3800 As illustrated, I’m visualising the next potential bullish continuation impulse that would take gold near the $4000 projected price.
In this idea, the path projected is based on the breakout of a rising symmetrical triangle that price formed; a strong bullish pattern that tends to be very effective when price successfully breaks out with strength.
On a fundamental aspect, things continue to hold the yellow metal on a positive route to maintain its bullish momentum and direction. Fed rates decision is getting close, and that is just the tip of the iceberg that’s going to move gold to record highs within weeks.
A key and major pivot area is near the $3200 - $3250 price range; so it’s possible we have one more attempt to break $3200.
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GOOD LUCK
persaxu