Gold has shown strong bullish momentum 💪 as it breaks through the descending trendline 📉, positioning itself to target the upper liquidity zone 💰. Right now, we have two key scenarios to watch:
1️⃣ Bullish Scenario: If Gold breaks above the 3345 level and closes a solid candle above it 🔝, we could see a move towards 3360 🚀, signaling further upward potential.
2️⃣ Bearish Scenario: However, if Gold sweeps the 3345 zone and fails to maintain the bullish momentum 🔻, we may see a pullback that could push prices lower 📉.
Stay vigilant 👀 and keep an eye on price action for the next big move! 🔍📊
1️⃣ Bullish Scenario: If Gold breaks above the 3345 level and closes a solid candle above it 🔝, we could see a move towards 3360 🚀, signaling further upward potential.
2️⃣ Bearish Scenario: However, if Gold sweeps the 3345 zone and fails to maintain the bullish momentum 🔻, we may see a pullback that could push prices lower 📉.
Stay vigilant 👀 and keep an eye on price action for the next big move! 🔍📊
Trade active
As discussed, price broke above 3345 and tapped into our marked zone 📍. Trade is now active ✅ and we are targeting 3360 as TP1 🎯.We will monitor price action closely 👀 and manage accordingly. Let’s see if the bullish momentum continues 🚀.
Trade closed: target reached
As we discussed earlier, price broke above the 3345 level with strong bullish momentum 💪 and continued towards our first target at 3360 🎯 — TP1 hit successfully! 🚀We are now keeping an eye 👀 on how price reacts from here. If momentum continues, we could see further upside, otherwise we’ll watch for pullbacks or reversal signals 🔄.
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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.