Gold weekly chart with both buy and sell entries

### 🧭 **Chart Overview**

* **Timeframe**: 1H (1 Hour)
* **Platform**: TradingView (OANDA feed)
* **Indicators**:

* **Moving Averages** (likely EMA or SMA, 5/10/20/50/100/200)
* **MACD**
* **RSI**
* **Buy Zones (Green Lines)**: Upper areas
* **Sell Zones (Red Lines)**: Lower areas
* **Price at time of analysis**: \~\$3,364

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### 🔍 **Technical Indicator Analysis**

#### 📉 **MACD**

* **Current Status**: Bullish momentum present.
* MACD line is above signal line, showing upward pressure.
* Histogram is slightly weakening, signaling **momentum may be slowing**, but no bearish crossover yet.

#### 📊 **RSI**

* RSI \~66–70, approaching overbought territory.
* Indicates **strong bullish strength**, but **potential for short-term pullback**.

#### 📈 **Moving Averages**

* Price is above all key MAs (short to long-term).
* **MA stack is aligned bullishly** (short above long), indicating trend continuation bias.
* Especially price above 200MA — strong bullish confirmation.

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### 🧱 **Key Technical Zones**

#### 🔼 **Buy Zones (Green Lines)**

* Ranging from **\~3367 to \~3501**.
* Current price is testing **3367** — a key **resistance-turned-potential-entry**.
* If price breaks and closes above **3367**, watch for:

* **3410**, **3445**, and **3480–3501** targets.
* Strong momentum continuation with little resistance above.

#### 🔽 **Sell Zones (Red Lines)**

* Stacked from **\~3360 down to 3188**.
* Minor intraday support forming at **3340–3324** (watch these for scalping/pullbacks).
* Breakdown below **3320** could initiate deeper pullback to:

* **3280**, **3240**, **3218**, then **3188**.

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### 📌 **Current Market Structure**

* **Higher Highs and Higher Lows** forming since \~May 13th.
* Uptrend confirmed on H1.
* Price respected trendline support around **May 15–20**.
* MACD + RSI + MA alignment all confirm bullish bias.

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### 🧠 **My 20-Year Trader Insight**

#### 🟢 **Buy Bias IF**:

* Clean break and retest of **3367**, then ride to **3410 → 3445**.
* Scalpers could nibble at **3340–3320** dips if RSI cools.

#### 🔴 **Sell Setup ONLY IF**:

* Strong bearish divergence shows on RSI + MACD crossover.
* Breakdown below **3320** confirms shift in short-term sentiment.
* Use **3367** as invalidation for shorts — don’t fight momentum unnecessarily.

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### 🔁 **Trade Plan Suggestion**

| Strategy | Entry | SL | TP |
| ---------------- | ---------------------------- | ---------- | --------------------------- |
| 🔼 Buy Breakout | 3370 (confirmed close above) | 3340 | 3410 → 3445 |
| 🔄 Buy Pullback | 3324–3340 zone | Below 3300 | 3360 → 3370 |
| 🔽 Sell Reversal | Below 3320 | 3367 | 3280 → 3240 (partial), 3218 |

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### ⚠️ Final Thoughts

* **Trend is bullish**, but nearing exhaustion short-term.
* Wait for **confirmation** at 3367 breakout OR healthy pullback to reload long.
* Avoid premature shorting unless multiple bearish confirmations appear.