Gold’s Path to New All-Time Highs – AB=CD Pattern in Play!
📌 Key Insights:
✅ #Gold remains in a strong uptrend, consistently forming higher highs.
✅ On the 1D timeframe, an AB=CD pattern is developing, signaling potential continuation.
✅ No bearish signs are evident, reinforcing bullish sentiment.
✅ A possible retest of previous highs & B-leg could offer a prime buy opportunity before a breakout.
📈 Trade Plan:
📍 Entry: Near the B-leg or previous highs upon confirmation.
🎯 Target: New all-time highs.
📉 Stop-Loss: Below key support levels to manage risk.
🔍 Chart Breakdown:
🖼️ Attach a well-annotated chart highlighting:
The AB=CD structure
Support/resistance zones
Potential entry & exit levels
Engagement Strategy:
Would you like me to refine this further or add a specific trading strategy? 🚀
✅ #Gold remains in a strong uptrend, consistently forming higher highs.
✅ On the 1D timeframe, an AB=CD pattern is developing, signaling potential continuation.
✅ No bearish signs are evident, reinforcing bullish sentiment.
✅ A possible retest of previous highs & B-leg could offer a prime buy opportunity before a breakout.
📈 Trade Plan:
📍 Entry: Near the B-leg or previous highs upon confirmation.
🎯 Target: New all-time highs.
📉 Stop-Loss: Below key support levels to manage risk.
🔍 Chart Breakdown:
🖼️ Attach a well-annotated chart highlighting:
The AB=CD structure
Support/resistance zones
Potential entry & exit levels
Engagement Strategy:
Would you like me to refine this further or add a specific trading strategy? 🚀
Nota
GOLD hit the new resistance level, as mention on the chart. now we will wait for the correction and GOLD retest the 2785 level. On this point we will take a long trade on GOLD. Nota
As I mentioned on the chart, GOLD reached new highs but faced rejection at that level. It is now moving downward toward our buying area. We will wait for a retest of this area before taking a long trade.Dagangan ditutup: sasaran tercapai
TP Hit
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.