Gold has recently broken out of the 1H ascending trendline with a strong bullish push 🚀. After this breakout, we are now watching key supply and demand zones for the next move.
🔴 Bearish OB (3398-3404):
Price is currently hovering around the bearish order block, which could trigger some short-term rejection or pullback from this zone.
🟢 Bullish OB Zones (3350 & 3330):
If gold decides to correct lower, we have two important bullish OBs below, perfectly lining up with the previous trendline retest ✅. These zones can offer high-probability buy setups if price respects them.
🎯 Focus is on watching for possible rejections from the top OB, or waiting for a deeper retracement towards the bullish zones for buy confirmations
🔴 Bearish OB (3398-3404):
Price is currently hovering around the bearish order block, which could trigger some short-term rejection or pullback from this zone.
🟢 Bullish OB Zones (3350 & 3330):
If gold decides to correct lower, we have two important bullish OBs below, perfectly lining up with the previous trendline retest ✅. These zones can offer high-probability buy setups if price respects them.
🎯 Focus is on watching for possible rejections from the top OB, or waiting for a deeper retracement towards the bullish zones for buy confirmations
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💹 Gold & GBP Specialists
📈 Weekly Targets: 1000-1500 Pips
⚡ Mastering Chart Patterns Together
💰 Account management
📥 Join us @ t.me/+n_4YMWihWGtmZWI0
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.
📊 Fundamentals & Technical Insights
💹 Gold & GBP Specialists
📈 Weekly Targets: 1000-1500 Pips
⚡ Mastering Chart Patterns Together
💰 Account management
📥 Join us @ t.me/+n_4YMWihWGtmZWI0
💹 Gold & GBP Specialists
📈 Weekly Targets: 1000-1500 Pips
⚡ Mastering Chart Patterns Together
💰 Account management
📥 Join us @ t.me/+n_4YMWihWGtmZWI0
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.