Gold is currently showing a strong bullish recovery after rejecting the 4644 low and holding above key support levels. Price has formed a short-term ascending structure and is now consolidating inside a minor bullish flag. The recent push above 4728 indicates bullish momentum building while the structure suggests continuation towards higher resistance if price sustains above the trendline and breakout zone. Overall bias remains bullish as long as price holds above 4700-4708 support.
Trade Plan – Buy Setup
Buy Zone: 4715-4725
Trigger: M15/H1 bullish breakout or strong bullish candle above 4732
Targets: 4750, 4770, 4790
Stop Loss: 4708
Invalidation: Clear break and close below 4700 support
Note
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Trade Plan – Buy Setup
Buy Zone: 4715-4725
Trigger: M15/H1 bullish breakout or strong bullish candle above 4732
Targets: 4750, 4770, 4790
Stop Loss: 4708
Invalidation: Clear break and close below 4700 support
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Trade ist aktiv
Price has successfully broken out of the consolidation wedge and is holding above the 4730–4740 support zone showing strong bullish momentum. The structure has shifted in favor of buyers with higher highs and higher lows forming and price is now moving towards the liquidity area near 4780+. As long as price holds above the breakout zone further upside is expected.
Key levels to watch are support at 4740-4730 while upside targets remain 4780 and potentially 4800+. A break back below 4720 would weaken the bullish outlook.
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.