GOLD: Technical Analysis based on price structure, key levels

29 Jun

Hello Everyone
Let's start ... Next week's BUY/SELL Scenario for GOLD (30 Jun- 4 Jul).
before this make sure to go and check my previous Analysis as they were more than perfect.

Recent Trend: Gold has broken down from a local consolidation zone near $3,325–$3,340.
Structure: Market has formed a lower high and now a lower low — bearish short-term structure.
Key Support Zone: Price has just touched a strong previous horizontal support near $3,270, which acted multiple times as a demand zone.



📈 Bullish Scenario (Buy Setup):

🟢 Buy if price shows reversal signals around $3,270–$3,250 zone.
This zone is historical support. If a bullish engulfing or double bottom forms, it could lead to a bounce.
wait for 4hr/ Daily candle closure above 3,280.

Target Prices will be:
TP1: $3,325 (minor resistance)
TP2: $3,360 (previous structure high)
TP3: $3,398 GOLD https://www.tradingview.com/x/eSesG8w3/
SL: $3,230 (recent swing low)
Probability: 🔹 55–60% (if clear bullish candle confirms; otherwise lower)
Confirmation Needed: Bullish divergence (e.g., RSI or Stoch), or volume spike reversal

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📉 Bearish Scenario (Sell Setup):

🔴 (Risky Entry) Sell on retracement back to $3,310–$3,325, if rejection occurs (SL @3,345)
This area is now potential resistance after the recent breakdown.
(Safe Entry) Otherwise You can Sell After a 4hr/daily candle closure below 3,245

Target Prices will be:


TP1: $3,220 (deeper move into next demand)
TP2: 3,205
TP3: 3,175
TP4: 3,135 ( why not!)
Careful: at (3,135-3,170 : A strong rejection is valid to move up again).
Probability: 🔹65–70% — structure and momentum are favoring downside


Pro Advice: 🧭 Bonus – Neutral/Wait Zone:

Between $3,270 and $3,310 — price could consolidate here.
Wait for breakout or rejection before taking positions.

Good Luck

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

6 Jul

Dagangan ditutup: sasaran tercapai