GOLG ROUT UPDATE 1H chart analysis

17 Nis

Bullish (with bearish scenario if support fails)
Entry Point (Buy): 3,326 – 3,327
Stop Loss (SL): 3,284.71
Take Profit 1 (TP1): 3,365.12
Final Target (TP2): 3,501 – 3,508


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Market Structure:

Price is forming higher highs and higher lows within a rising channel.

Price is currently consolidating above a key demand zone (red box).

Two potential scenarios are mapped:

Bullish Continuation: Breakout above consolidation, targeting higher resistance.

Bearish Rejection: If price breaks below 3,284 support, bearish correction likely.




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Support Zones (Demand Areas):

1. 3,284 – 3,285 (Key Buy Zone)


2. 3,240


3. 3,200


4. 3,160


5. 3,080


6. 2,960 (Final bearish support)




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Resistance Zones (Supply Areas):

1. 3,327 – 3,330 (Current resistance)


2. 3,365.12 (TP1)


3. 3,444


4. 3,501 – 3,508 (Final Target Zone)




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22 Nis

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"GOLD BUY from 3327 — all targets smashed at 3501! That’s a massive +1740 pips bagged. This is how we do it — on to the next!"

22 Nis

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ALL PROFIT DONE 1740 PIPS