GOLD TREND 23/09 SIMPLE ANALYSIS

516
1. Market Context

Price is currently moving within an ascending channel.

A recent BOS (Break of Structure) indicates that buyers are still in control.

There is an untested FVG (Fair Value Gap) and CP (Demand Zone) below.

2. Key Levels

Immediate resistance: around 3,758 – 3,760 USD.

FVG zone: 3,700 – 3,720 USD.

CP (strong demand): around 3,650 USD.

Mid-level of interest: 3,702.8 USD (possible retracement point).

3. Trading Scenarios
🅰️ Scenario 1 – Pullback before continuation (higher probability)

Price may touch the resistance zone at 3,758 → retrace to test the FVG (3,700 – 3,720).

If the pullback extends deeper, it could sweep into the CP zone at 3,650 before bouncing strongly upwards.

Entry: Buy around 3,700 – 3,650.

SL: Below 3,630.

TP1: 3,758 (previous high).

TP2: 3,800+.

🅱️ Scenario 2 – Strong breakout continuation

If price breaks clearly above 3,760 with high volume → possible breakout buy.

Entry: Buy above 3,765 after a retest.

SL: 3,740.

TP1: 3,800.

TP2: 3,830 – 3,850.

🅾️ Risk scenario – Reversal

If price breaks down below the channel and closes H4 candles under 3,630 → bullish structure is invalidated.

In this case, best to stay out or look for short setups towards 3,580.

4. Risk Management & Notes

Risk per trade < 1–2% of account.

Prioritise long entries from the FVG/CP zones, avoid chasing highs.

Keep an eye on USD & Gold-related news (economic calendar may cause strong volatility).

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.