Another Buying Opportunity on Gold After Confirmation

Hello Traders,

Gold is following the projected price action outlined in my previous analysis. Today, the bullish momentum remains intact; however, recent price action has shown signs of slowing. This calls for careful observation of potential shifts in trend dynamics.

For today’s trading setup, we will wait for a manipulation of the Asian range, which could drive price below it seeking liquidity—possibly extending beneath the dynamic rising support level. The key area of interest lies between 3035-3040, where an inefficiency in price suggests a potential long opportunity and targeting the All-Time-High at 3057. Confirmation will be essential before executing any buy positions.

As previously discussed, Gold’s price movements are heavily influenced by fundamental factors, reinforcing our bias toward seeking buying opportunities.

How do you plan to trade Gold today? Share your thoughts in the comments!