Scalping the Golden Zone As expected, we capitalized on the key support zone, securing an additional 100-120 pips on a quick long scalp. These fast-moving plays continue to deliver solid returns!
What’s Next for Gold?
Strong Support Zone Identified – Price has reached a critical demand area, signaling a potential short-term pullback. 1H Order Block Retest – We anticipate a retracement or a possible tag-in before further movement. Risk-Reward Setup – A well-structured long entry from this zone could yield another profitable trade when markets open Monday. Major Resistance in Place – Despite a bounce, selling pressure remains strong, and Friday’s momentum suggests further downside in the near term.
Trading Plan: Look for long setups at the identified support with a tight SL & proper R:R. Keep an eye on the 1H bearish price action for confirmation of a continued move down. If resistance holds firm, we could see another strong sell-off later in the week.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.