Gold is currently trading around the 3349.90 level after breaking out of a key consolidation range. Price action has shown bullish momentum supported by a breakout above a short-term descending trendline, suggesting potential continuation toward higher levels.
🔍 Key Technical Outlook:
Pullback Area (3345–3335): This zone has been identified as a potential retest area. Price may revisit this zone before continuing its upward trajectory. A clean bounce from here would confirm bullish control.
Stop Loss: Positioned below recent structural lows at 3335, giving room for the pullback while protecting against trend invalidation.
First Target Zone: The next major resistance and potential reaction level sits around 3360–3375, where profit-taking may occur. This aligns with historical resistance.
Final Target: If momentum sustains above 3375, the broader bullish move could extend toward the 3400 psychological level.
🧭 Bias:
Bullish, as long as the price holds above the pullback zone and does not close below the 3335 level on the 1H timeframe.
⚠️ Risk Note: Always wait for confirmation on lower timeframes or candlestick validation before entering trades. Maintain proper risk management.
🔍 Key Technical Outlook:
Pullback Area (3345–3335): This zone has been identified as a potential retest area. Price may revisit this zone before continuing its upward trajectory. A clean bounce from here would confirm bullish control.
Stop Loss: Positioned below recent structural lows at 3335, giving room for the pullback while protecting against trend invalidation.
First Target Zone: The next major resistance and potential reaction level sits around 3360–3375, where profit-taking may occur. This aligns with historical resistance.
Final Target: If momentum sustains above 3375, the broader bullish move could extend toward the 3400 psychological level.
🧭 Bias:
Bullish, as long as the price holds above the pullback zone and does not close below the 3335 level on the 1H timeframe.
⚠️ Risk Note: Always wait for confirmation on lower timeframes or candlestick validation before entering trades. Maintain proper risk management.
Trade active
Our previous analysis is playing out well, with the trade currently running in over 200 pips profit on the Buy side. Managing the position accordingly and trailing the stop to secure gainsTrade closed: target reached
Final target reached successfully. All positions will be closed at this level as per our trade plan.
Join Our Partner recommended Broker Deposit More Then $100 And Get VIP (Paid) Room 1 month free
⌛Partner Link Vantage✅️
vantagemarkets.com/open-live-account/?affid=MTkyMDk5Nw==
⌛Partner Link Vantage✅️
vantagemarkets.com/open-live-account/?affid=MTkyMDk5Nw==
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join Our Partner recommended Broker Deposit More Then $100 And Get VIP (Paid) Room 1 month free
⌛Partner Link Vantage✅️
vantagemarkets.com/open-live-account/?affid=MTkyMDk5Nw==
⌛Partner Link Vantage✅️
vantagemarkets.com/open-live-account/?affid=MTkyMDk5Nw==
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.