🧠 Technical Overview:
Gold has shown a solid bullish structure after rebounding from a strong support zone marked around the $3,250 area. We witnessed a textbook flag pattern breakout followed by a Change of Character (ChoCH) confirming bullish momentum.
🔹 Support Zones:
Strong demand near $3,250 – $3,280
Bullish reaction visible from Bottom 2
🔹 Resistance Zones:
Key supply zone at $3,334 – $3,356
Target area near the weekly high at $3,445
🏹 Trade Idea:
A bullish continuation is expected from the current zone after price retested the flag breakout.
🔸 Entry Zone: $3,334 – $3,356 (supply flip)
🔸 Target: $3,445 (Weekly High)
🔸 Stop Loss: Below $3,280 (support zone)
📊 Market Sentiment:
✅ Bullish momentum confirmed by multiple ChoCHs
✅ Strong buying volume at support
❗ Watch for price action confirmation at current supply zone
🏁 Summary:
Gold is currently respecting bullish structure with a clear path toward the $3,445 target. Traders can look for long opportunities after confirmation within the supply zone.
💬 What’s your outlook on Gold? Bullish or Bearish? Comment below!
https://www.tradingview.com/x/KSVV04ic/
Gold has shown a solid bullish structure after rebounding from a strong support zone marked around the $3,250 area. We witnessed a textbook flag pattern breakout followed by a Change of Character (ChoCH) confirming bullish momentum.
🔹 Support Zones:
Strong demand near $3,250 – $3,280
Bullish reaction visible from Bottom 2
🔹 Resistance Zones:
Key supply zone at $3,334 – $3,356
Target area near the weekly high at $3,445
🏹 Trade Idea:
A bullish continuation is expected from the current zone after price retested the flag breakout.
🔸 Entry Zone: $3,334 – $3,356 (supply flip)
🔸 Target: $3,445 (Weekly High)
🔸 Stop Loss: Below $3,280 (support zone)
📊 Market Sentiment:
✅ Bullish momentum confirmed by multiple ChoCHs
✅ Strong buying volume at support
❗ Watch for price action confirmation at current supply zone
🏁 Summary:
Gold is currently respecting bullish structure with a clear path toward the $3,445 target. Traders can look for long opportunities after confirmation within the supply zone.
💬 What’s your outlook on Gold? Bullish or Bearish? Comment below!
https://www.tradingview.com/x/KSVV04ic/
Trade active
Gold is currently respecting bullish structure with a clear path toward the target. Traders can look for long opportunities after confirmation within the supply zone.Manage your risk properly.
📈 ProfitMagnet-Pro | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
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📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel:
t.me/profitmagnetpro12
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.
📈 ProfitMagnet-Pro | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel:
t.me/profitmagnetpro12
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel:
t.me/profitmagnetpro12
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.