QUIET START TO THE WEEK, WATCH OUT FOR KEY RESISTANCE!

6 hari lalu

🔔 GOLD PLAN 21/07 – QUIET START TO THE WEEK, WATCH OUT FOR KEY RESISTANCE!
🌍 Market Overview
Gold has bounced back strongly following a brief pullback late last week. The move comes as geopolitical tensions and global conflicts continue to escalate.

While this week may not feature high-impact economic data, macroeconomic risks and global uncertainty remain the primary drivers of price action.

📊 Technical Outlook
Price is currently approaching a strong resistance zone between 3377–3380, which aligns with a Buy Side Liquidity region.

💡 Sellers may step in here to push the price lower, aiming to fill FVG zones (Fair Value Gaps) left behind during the previous bullish rally.

⚠️ Entering SELL positions at this level is risky — only act upon confirmed reversal signals (candlestick rejection or volume-based confirmation).

🎯 Trade Setup
🟢 BUY ZONE: 3331 – 3329
Stop Loss: 3325
Take Profits:
3335 → 3340 → 3344 → 3348 → 3352 → 3358 → 3364 → 3370

🔴 SELL ZONE (confirmation required): 3377 – 3379
Stop Loss: 3383
Take Profits:
3372 → 3368 → 3364 → 3360 → 3350

📌 Key Notes
The 3347 zone acts as short-term support for bulls. If this level breaks, a move toward lower FVG liquidity zones becomes more likely.

Keep an eye on EU session volume for clearer short-term direction and better trade timing.

✅ Final Thoughts
Discipline is key. Stick to your TP/SL strategy to manage risk effectively during early-week volatility.

🛡️ Wishing everyone a successful start to the week. Stay patient, stay focused.
GOD BLESS ALL!

6 hari lalu

Dagangan aktif

🟢 Market Update – Buyers Take Control After Resistance Breakout
📊 Chart:

✅ A confirmed breakout above the previous sell zone (3377 – 3379) signals clear short-term dominance by the buyers.

📈 Price is now approaching a key resistance area between 3385 – 3395, which previously acted as a distribution zone during earlier bullish moves.

⚠️ Watch for potential pullback
The OBS + FIBO 0.786 zone around 3385 – 3390 represents strong resistance, where selling pressure was observed in previous sessions.

→ If a rejection candle (upper wick) or a bearish reversal pattern (e.g. engulfing) appears here, a technical correction could follow.

🔹 BUY SCALP Idea (if slight correction occurs):
Entry: 3370 – 3368
SL: 3364
TP: 3375 – 3380 – 3388 – 3394

🔻 SELL Plan (only with clear confirmation)
Sell Zone: 3385 – 3392
SL: 3396
TP: 3380 – 3374 – 3368 – 3360

📌 Closely monitor price action within the 338x – 339x area. If no reversal signal appears, price could continue pushing higher towards 3410 – 3420.