Technical Overview (Daily Time Frame) - GOLD

14 Haz

GOLD https://www.tradingview.com/x/aj1JrRxX/

HELLO TRADERS

Let's start...

✅ Trend Structure:
The overall structure is bullish, with higher highs and higher lows from March onward.

Price has recently broken out of the consolidation zone and is now trading at $3,443, approaching a key resistance zone.

📏 Key Levels:
Immediate Resistance: $3,480 – $3,500 (previous highs from April)

Major Resistance: $3,560 – $3,600

Immediate Support: $3,360 – $3,320 (former range highs)

Major Support: $3,240

📊 Candlestick Signal:
The last few candles show strong bullish momentum and increasing range, indicating breakout strength.

📈 Scenario 1: Buy Setup (Breakout Continuation)
Entry: Buy at $3,450 – $3,460 (After being sure for no more rejection at 3,440-3,450)

Stop Loss (SL): $3,410

Target Price (TP):

TP1: $3,480
TP2: $3,500 (near-term resistance)
TP3: $3,550 (April swing high)

TP4: $3,600 (Geopolitical ,psychological and Fibonacci extension level)

📌 Reason: Momentum breakout of previous consolidation. Entering on strength with a pullback toward breakout retest is safer.

📉 Scenario 2: Sell Setup (Fake Breakout / Rejection)
Trigger: Only if there's a daily close below $3,400 or a strong rejection candle

Entry: Sell below $3,400

Stop Loss (SL): $3,455

Target Price (TP):

TP1: $3,360
TP2: $3,320 (previous support area)
TP3: $3,280


📌 Reason: Rejection at resistance may lead to short-term correction or liquidity sweep before higher move.



📌 CAREFULL: Classic “breakout and retest” setup. Safer than chasing highs. i.e. BUY setup safer than SELL setup.

GOOD LUCK

29 Haz

İşlem kapandı: hedefe ulaştı

Another Perfect Analysis ... WOW

For buy scenario we said buy above 3,450-3,460 (again we noticed another rejection this rejection was predictable and happened for the third time).
Then Sell Scenario which was candle closure below 3,400 and All Target Prices were met.
TP1: $3,360
TP2: $3,320 (previous support area)
TP3: $3,280

Good Luck for everyone
let's see what will be our analysis for next week?!