Gold is trading within a well-defined downtrend channel on the 30-minute chart.
Price has consistently respected the channel resistance, making lower highs and lows.
Recent bullish momentum is pushing against the upper boundary of the channel.
No confirmed breakout yet – price remains capped by the trendline resistance.
We’re seeing an inverted flag and pole formation that suggests pressure is building.
A clean break and close above the channel would confirm bullish intent.
Plan:
1.Wait patiently for a confirmed breakout before entering buys.
2.Avoid early entries while price is still inside the channel.
3.Watch for retest and hold above the broken channel as ideal confirmation.
4.Target move toward 3395 if breakout is successful.
Bias:
1.Bullish only on confirmed breakout and retest.
2.Bearish continuation possible if price fails to break the channel.
3.Discipline and patience are key – let the market confirm direction.
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Price has consistently respected the channel resistance, making lower highs and lows.
Recent bullish momentum is pushing against the upper boundary of the channel.
No confirmed breakout yet – price remains capped by the trendline resistance.
We’re seeing an inverted flag and pole formation that suggests pressure is building.
A clean break and close above the channel would confirm bullish intent.
Plan:
1.Wait patiently for a confirmed breakout before entering buys.
2.Avoid early entries while price is still inside the channel.
3.Watch for retest and hold above the broken channel as ideal confirmation.
4.Target move toward 3395 if breakout is successful.
Bias:
1.Bullish only on confirmed breakout and retest.
2.Bearish continuation possible if price fails to break the channel.
3.Discipline and patience are key – let the market confirm direction.
Like, comment, share, and follow for more trade ideas.
Trade active
GOLD – Trade Activeted now Our GOLD buy trade is now active after a confirmed breakout above the downtrend channel.
Price closed strongly above resistance, validating the bullish setup.
Structure shift confirms buyers are in control.
We’re holding the position as long as price remains above the breakout level.
Focus remains on the next target point at 3395.
Momentum supports further upside toward this level.
Plan:
Hold buys toward 3395.
Manage risk carefully with stops below breakout level.
Watch for minor pullbacks as opportunities to add or adjust.
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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.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter
t.me/JosProfessionalTrader
t.me/JosProfessionalTrader
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.