💸GOLD💸
Market Outlook: Bullish
• Price broke out of a downtrend channel and is now forming higher highs and higher lows — clear sign of a trend reversal.
• Current move is a pullback after a strong push up.
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📍 Key Zones:
• Buy Zones and Fair Value Gaps (FVGs) are marked.
• These are areas where buyers may step in again.
• Price is pulling back into these zones — potential long entry area.
⸻
🎯 Target:
• The top red line marks a liquidity zone or resistance.
• Price is likely aiming to reach this area next.
⸻
📈 Trade Setup Idea:
• Buy on pullback to the FVG / Buy Zone.
• Stop Loss: Below the Buy Zone.
• Take Profit: At the previous high (resistance zone).
⸻
⚠️ Risk to Watch:
• If price breaks below the Buy Zone, bullish setup is invalidated — wait for new structure.
Market Outlook: Bullish
• Price broke out of a downtrend channel and is now forming higher highs and higher lows — clear sign of a trend reversal.
• Current move is a pullback after a strong push up.
⸻
📍 Key Zones:
• Buy Zones and Fair Value Gaps (FVGs) are marked.
• These are areas where buyers may step in again.
• Price is pulling back into these zones — potential long entry area.
⸻
🎯 Target:
• The top red line marks a liquidity zone or resistance.
• Price is likely aiming to reach this area next.
⸻
📈 Trade Setup Idea:
• Buy on pullback to the FVG / Buy Zone.
• Stop Loss: Below the Buy Zone.
• Take Profit: At the previous high (resistance zone).
⸻
⚠️ Risk to Watch:
• If price breaks below the Buy Zone, bullish setup is invalidated — wait for new structure.
Trade active
Trade closed: stop reached
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.
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.