Technical Analysis
Key Confluences Supporting the Buy Setup:
Trendline Support
The gold shows a well-respected ascending trendline, which has been tested multiple times. This provides a dynamic level of support.
Horizontal Support Zone (3323–3326)
This area previously acted as resistance and has now flipped to support. The consolidation here suggests a demand zone.
Bullish Market Structure
The market is forming higher highs and higher lows, indicating a bullish structure. The current pullback may serve as a liquidity grab before continuation.
Liquidity Below 3320
There is likely a liquidity pocket just below 3320. Price could sweep below support to trap sellers before reversing upward.
CPI News Catalyst
CPI data release can cause volatility. The stop-loss below 3314 is well-placed to allow for a spike without invalidating the bullish structure.
Trade Setup Summary
Bias: Bullish
Entry Zone: 3323–3326
Confirmation: Reaction from the trendline and horizontal support after CPI release
Take Profit (TP): 3335/3349 (targeting the recent high and potential double top liquidity)
Stop Loss (SL): Below 3314
Risk-Reward Ratio (RRR): Approximately 1:2
Entry Trigger: Look for a strong bullish rejection or engulfing pattern at the 3323–3326 zone to confirm entry.
Management: Consider partial profit booking near 3340 if volatility increases or if price shows signs of rejection before the target.
Key Confluences Supporting the Buy Setup:
Trendline Support
The gold shows a well-respected ascending trendline, which has been tested multiple times. This provides a dynamic level of support.
Horizontal Support Zone (3323–3326)
This area previously acted as resistance and has now flipped to support. The consolidation here suggests a demand zone.
Bullish Market Structure
The market is forming higher highs and higher lows, indicating a bullish structure. The current pullback may serve as a liquidity grab before continuation.
Liquidity Below 3320
There is likely a liquidity pocket just below 3320. Price could sweep below support to trap sellers before reversing upward.
CPI News Catalyst
CPI data release can cause volatility. The stop-loss below 3314 is well-placed to allow for a spike without invalidating the bullish structure.
Trade Setup Summary
Bias: Bullish
Entry Zone: 3323–3326
Confirmation: Reaction from the trendline and horizontal support after CPI release
Take Profit (TP): 3335/3349 (targeting the recent high and potential double top liquidity)
Stop Loss (SL): Below 3314
Risk-Reward Ratio (RRR): Approximately 1:2
Entry Trigger: Look for a strong bullish rejection or engulfing pattern at the 3323–3326 zone to confirm entry.
Management: Consider partial profit booking near 3340 if volatility increases or if price shows signs of rejection before the target.
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✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。