GOLD DAILY CHART ANALYSIS MID/LONG TERM UPDATE
GOLD Daily Chart Update
Hello Everyone,
Here’s the latest update on the GOLD daily chart we’ve been closely monitoring and trading. Below is a breakdown of recent movements and what’s next:
Previous Chart Review
* Key Resistance: We identified 2,790 as a critical resistance level and anticipated a potential reversal.
* Buy Signal: Recommended waiting for EMA5 to cross and hold above the ENTRY LEVEL (2,744) as a signal for a bullish move toward TP1 (2,807).
* Dynamic Support: Highlighted the FVG zone (2,720–2,740) as a key support area.
Outcome:
* EMA5 crossed above KEY LEVEL (2,744).
* Resistance at 2,790 was broken.
* TP1 (2,807) was successfully achieved, confirming the accuracy of our analysis.
What’s Next for GOLD?
* Candle Behavior: The daily candle didn’t close above TP1, suggesting a short-term reversal may occur.
Key Levels:
* Support: Strong support likely from the FVG zone and Gold Turn Levels (2,744 and 2,686).
* Downside Risks: If EMA5 crosses and locks below 2,744, the target shifts toward 2,686.
* Bullish Path: A bounce from support could retest TP1 (2,807) and further extend to TP2 (2,870.8) and TP3 (2,933.93).
Recommendations
Short-Term Trades:
* Use smaller timeframes (1H, 4H) to capitalize on dips at the Gold Turn Levels for 30–40 pips per trade.
* Focus on shorter positions in this range-bound market to avoid getting caught in volatility.
Long-Term Bias:
* We remain bullish and view pullbacks as opportunities to accumulate.
* Buying dips from our marked levels enables us to manage swings safely, rather than chasing tops.
Final Note:
Trade confidently and safely. Our precise analysis ensures you’re equipped to navigate the market effectively. Stay tuned for daily updates and insights across all timeframes.
Best regards,
The Quantum Trading Mastery
Hello Everyone,
Here’s the latest update on the GOLD daily chart we’ve been closely monitoring and trading. Below is a breakdown of recent movements and what’s next:
Previous Chart Review
* Key Resistance: We identified 2,790 as a critical resistance level and anticipated a potential reversal.
* Buy Signal: Recommended waiting for EMA5 to cross and hold above the ENTRY LEVEL (2,744) as a signal for a bullish move toward TP1 (2,807).
* Dynamic Support: Highlighted the FVG zone (2,720–2,740) as a key support area.
Outcome:
* EMA5 crossed above KEY LEVEL (2,744).
* Resistance at 2,790 was broken.
* TP1 (2,807) was successfully achieved, confirming the accuracy of our analysis.
What’s Next for GOLD?
* Candle Behavior: The daily candle didn’t close above TP1, suggesting a short-term reversal may occur.
Key Levels:
* Support: Strong support likely from the FVG zone and Gold Turn Levels (2,744 and 2,686).
* Downside Risks: If EMA5 crosses and locks below 2,744, the target shifts toward 2,686.
* Bullish Path: A bounce from support could retest TP1 (2,807) and further extend to TP2 (2,870.8) and TP3 (2,933.93).
Recommendations
Short-Term Trades:
* Use smaller timeframes (1H, 4H) to capitalize on dips at the Gold Turn Levels for 30–40 pips per trade.
* Focus on shorter positions in this range-bound market to avoid getting caught in volatility.
Long-Term Bias:
* We remain bullish and view pullbacks as opportunities to accumulate.
* Buying dips from our marked levels enables us to manage swings safely, rather than chasing tops.
Final Note:
Trade confidently and safely. Our precise analysis ensures you’re equipped to navigate the market effectively. Stay tuned for daily updates and insights across all timeframes.
Best regards,
The Quantum Trading Mastery
Dagangan aktif
FANTASTIC JOB DONE!
On Daily Chart our TP1 and TP2 has been successfully Hit at 2807 and 2870
Congratulations to those who took this trade.
Its time to celebrate, and focus patiently towards the market.
⚠ Important Note:
On the daily chart, EMA5 still has a pending detachment at 2839.
Nota
IMPORTANT UPDATE:
Yesterday we said EMA5 correction was due on Daily Chart at 2839.
The EMA5 correction has been DONE successfully now.
Market Review:
* Its Friday today and market is unexpected.
* We remain bullish and view pullbacks as opportunities to accumulate.
* Buying dips from our marked levels enables us to manage swings safely, rather than chasing tops.
* Check lower time frames for deep insights
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Penerbitan berkaitan
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.