Scenario:
📉 Gold Update 🟡
A good buying zone for gold has formed, as the M30 timeframe shows a strong demand and support area. ✅
For confirmation, smaller timeframes also show an order block (OB) in this zone. 🧱
However, keep in mind that selling pressure is still slightly high 🔻—so be patient and wait for a strong bullish candle 📈 to form from this zone before entering a buy trade.
Once confirmed, take the entry and always follow proper risk management ⚠️💼.
📉 Gold Update 🟡
A good buying zone for gold has formed, as the M30 timeframe shows a strong demand and support area. ✅
For confirmation, smaller timeframes also show an order block (OB) in this zone. 🧱
However, keep in mind that selling pressure is still slightly high 🔻—so be patient and wait for a strong bullish candle 📈 to form from this zone before entering a buy trade.
Once confirmed, take the entry and always follow proper risk management ⚠️💼.
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.
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.