In this analysis we are focusing on 1H timeframe for gold. we are looking both scenario buy and sell opportunity today, by using of support & resistance, trendline as well as indicators. let's see what will happens and which trade oportunity market will give us.
Trade Setup:
currently we have a key support level between 2733.5 and 2727.800. if the price holds above this support zone, it suggests a potential buying opportunity with a target of 2757.
Scenario 1: BUY
if the price does not break below 2733.5-2727.8, consider a buy position targeting 2757.
Scenario 2: SELL
if the price break support level and candle close below the 2727.8, and confirms the breakout, this may signal a selling opportunity, with a target down to 2708.
NOTE: always use stoploss and takeprofit for your trade as well as use proper money management and risk management.
THIS IS JUST ANALYSIS OR PREDICTION FROM MY SIDE.