📉 Gold 30M Analysis – Order Block Support in Focus 📈
Price has aggressively dropped into a key 30-minute order block support zone after forming a lower low. We're now anticipating a potential bullish reaction from this area.
The plan:
🔹 Watch for bullish structure shifts in this zone
🔹 First TP around the 50% retracement level (partially booked)
🔹 Final target near previous structure highs around 3325+
If price respects this OB and builds bullish momentum, it could mark the start of a reversal phase. Stay sharp! 💥
Price has aggressively dropped into a key 30-minute order block support zone after forming a lower low. We're now anticipating a potential bullish reaction from this area.
The plan:
🔹 Watch for bullish structure shifts in this zone
🔹 First TP around the 50% retracement level (partially booked)
🔹 Final target near previous structure highs around 3325+
If price respects this OB and builds bullish momentum, it could mark the start of a reversal phase. Stay sharp! 💥
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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.