Gold just broke out of a falling wedge pattern with a clean 5-wave completion.
Now it's pulling back — we prepare for two potential scenarios:
🔹 Scenario A:
If price retests the lower trendline (around 3,315–3,320) and gives a strong rejection, we look to buy targeting:
→ 3,345
→ 3,359
🔹 Scenario B:
If it skips the retest and continues to rally — we follow the breakout momentum.
✅ EMA ribbons are still holding bullish.
✅ MACD histogram flipped green — showing buyer pressure coming in.
🚫 Invalid if price breaks below 3,307 or 3,296.
Time to cut and reassess if that happens.
💡 Reminder: Wait for confirmation. Don’t FOMO.
Plan your trade — ride the structure, not the hype.
#GoldAnalysis #TechnicalSetup #ForexTrading #PriceAction #FaizIsmail
Now it's pulling back — we prepare for two potential scenarios:
🔹 Scenario A:
If price retests the lower trendline (around 3,315–3,320) and gives a strong rejection, we look to buy targeting:
→ 3,345
→ 3,359
🔹 Scenario B:
If it skips the retest and continues to rally — we follow the breakout momentum.
✅ EMA ribbons are still holding bullish.
✅ MACD histogram flipped green — showing buyer pressure coming in.
🚫 Invalid if price breaks below 3,307 or 3,296.
Time to cut and reassess if that happens.
💡 Reminder: Wait for confirmation. Don’t FOMO.
Plan your trade — ride the structure, not the hype.
#GoldAnalysis #TechnicalSetup #ForexTrading #PriceAction #FaizIsmail
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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.