GOLD ANALYSIS
💸GOLD💸
Chart Timeframe: 4-Hour
Overall Trend: Bullish
Current Market Structure: Bearish
Key Levels to Watch:
• Demand Zone: Near 2600 – Acting as a critical support level. Price is unlikely to break below this level unless there’s a significant shift in market sentiment.
• 4-Hour Order Block (OB): Above 2620 – A supply area where price could react. Look for potential bullish setups upon interaction with this zone.
Scenario 1: Demand Zone Reaction
• Anticipation: Price is expected to approach the 2600 demand zone.
• Bullish Confirmation: Look for signs like bullish candlestick patterns (e.g., pin bars, engulfing candles), higher lows, or momentum divergence in this area.
• Action: Upon confirmation, anticipate a move toward the 4-hour OB above 2620, where further decisions can be made.
Scenario 2: Break and Retest of 2620 OB
• Anticipation: If price reaches the 2620 OB, monitor for a break and retest scenario.
• Bullish Setup: The OB could act as support after a successful retest, giving a strong signal for continued bullish momentum.
• Action: Upon confirmation, consider entering long positions targeting the next key resistance levels.
Risk Management Tips:
• Stop-Loss: Place stops just below the 2600 demand zone to mitigate risk in case the structure breaks.
• Entry Confirmation: Wait for clear bullish signals (e.g., candlestick patterns, volume increase) at the demand zone or OB before entering trades.
Chart Timeframe: 4-Hour
Overall Trend: Bullish
Current Market Structure: Bearish
Key Levels to Watch:
• Demand Zone: Near 2600 – Acting as a critical support level. Price is unlikely to break below this level unless there’s a significant shift in market sentiment.
• 4-Hour Order Block (OB): Above 2620 – A supply area where price could react. Look for potential bullish setups upon interaction with this zone.
Scenario 1: Demand Zone Reaction
• Anticipation: Price is expected to approach the 2600 demand zone.
• Bullish Confirmation: Look for signs like bullish candlestick patterns (e.g., pin bars, engulfing candles), higher lows, or momentum divergence in this area.
• Action: Upon confirmation, anticipate a move toward the 4-hour OB above 2620, where further decisions can be made.
Scenario 2: Break and Retest of 2620 OB
• Anticipation: If price reaches the 2620 OB, monitor for a break and retest scenario.
• Bullish Setup: The OB could act as support after a successful retest, giving a strong signal for continued bullish momentum.
• Action: Upon confirmation, consider entering long positions targeting the next key resistance levels.
Risk Management Tips:
• Stop-Loss: Place stops just below the 2600 demand zone to mitigate risk in case the structure breaks.
• Entry Confirmation: Wait for clear bullish signals (e.g., candlestick patterns, volume increase) at the demand zone or OB before entering trades.
Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.