GoldTradeandAnalysis
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Market Context: Price is currently in a downtrend, heading toward a strong demand zone. There is a major supply zone above where selling pressure previously pushed the price down. Entry Plan: 🔵 Buy Entry: Wait for price to tap into the Demand Zone (around 93,000–93,400 USD). Look for bullish confirmation (e.g., bullish engulfing candle, strong rejection wick,...
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Gold is showing signs of a potential bounce near a key support level (around 3300). Price action indicates bullish pressure, and momentum indicators like RSI are signaling possible upside. This setup is suitable for short-term traders looking to capture a quick move to the upside. Entry: Near support zone (e.g. 3300-3283) Target: 3363 Stop Loss: Below...
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