"Bullish Trend Continuation: Key Support Zones for Gold Buyers"

wczoraj

Bullish Market Structure

The prevailing market structure remains bullish, indicating that selling gold at this stage may not be advisable. The price action continues to establish a sequence of higher highs (HH) and higher lows (HL), reinforcing the overall uptrend.

Key Buying Areas

A critical support zone, identified as the Buying Area, aligns with a recent HL, suggesting a potential entry point for buyers. Additionally, a broader Buying Zone exists at a lower level, coinciding with the 200-period moving average (blue line), which may serve as a stronger support should the price retrace further.

Opportunity for Buyers

Given the bullish market conditions, any pullback into these key demand zones presents a buying opportunity, with the expectation of a continuation towards the Target Area at the upper resistance level. The presence of a break of structure (BOS) in the past further validates the strength of the ongoing trend.

Trader Caution and Strategy

Traders should remain cautious of any shifts in momentum while maintaining a bias toward long positions as long as the market structure remains intact.

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8 godzin temu

Zlecenie aktywne

Trade was active from 2931 , SL 2923, TP1 2955, TP2 2970.

7 godzin temu

Uwaga

THE GOLD PRICE APPROACHING OUR BUYING AREA 2926-2919, BE PATIENCE FOR VIP ENTRY.

2 godziny temu

Uwaga

TRADE ACTIVATED FROM 2930 ,