🔍 Key Observations:
🔹 Ascending Triangle Breakout:
📈 Price was consolidating in an ascending triangle (🔺) and has broken out above resistance.
🚀 Bullish momentum is in play.
🔹 All-Time High (ATH) Resistance Zone:
🛑 Resistance Area (🔵) is where price has struggled before.
🔵🔵 Rejection signs at this level indicate a possible pullback.
🔹 Fair Value Gap (FVG) Retest:
🔽 Price may pull back into the Fair Value Gap (FVG) (📦) before moving higher.
🎯 This zone ($3,030 - $3,040) could act as a buying area.
🔹 Target Point at $3,080:
🎯 Main target for bulls is $3,080 (📈).
🔝 Price could retest the ATH zone before a push
🔹 Dynamic Support (DEMA 9):
📊 DEMA 9 (📉) at $3,052.80 is acting as support.
🔮 Expected Price Action:
⚫ Scenario 1 (Bullish) 🚀
➡️ Pullback into FVG zone (📦) → Buyers step in → Move toward $3,080 🎯
⚫ Scenario 2 (Bearish) 📉
❌ If price breaks below FVG → Further downside risk
✅ Conclusion:
🟢 Bullish bias remains strong unless price falls below FVG.
📌 Traders may look for entries in the FVG zone for a move to $3,080 🎯.
🔥🚀 Gold could be setting up for another push!
🔹 Ascending Triangle Breakout:
📈 Price was consolidating in an ascending triangle (🔺) and has broken out above resistance.
🚀 Bullish momentum is in play.
🔹 All-Time High (ATH) Resistance Zone:
🛑 Resistance Area (🔵) is where price has struggled before.
🔵🔵 Rejection signs at this level indicate a possible pullback.
🔹 Fair Value Gap (FVG) Retest:
🔽 Price may pull back into the Fair Value Gap (FVG) (📦) before moving higher.
🎯 This zone ($3,030 - $3,040) could act as a buying area.
🔹 Target Point at $3,080:
🎯 Main target for bulls is $3,080 (📈).
🔝 Price could retest the ATH zone before a push
🔹 Dynamic Support (DEMA 9):
📊 DEMA 9 (📉) at $3,052.80 is acting as support.
🔮 Expected Price Action:
⚫ Scenario 1 (Bullish) 🚀
➡️ Pullback into FVG zone (📦) → Buyers step in → Move toward $3,080 🎯
⚫ Scenario 2 (Bearish) 📉
❌ If price breaks below FVG → Further downside risk
✅ Conclusion:
🟢 Bullish bias remains strong unless price falls below FVG.
📌 Traders may look for entries in the FVG zone for a move to $3,080 🎯.
🔥🚀 Gold could be setting up for another push!
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Disclaimer
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join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
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.