Hello Guy's Let's analyse Gold and it is once again respected the intraday support zone highlighted on the chart. This level has acted as a strong demand area multiple times, and today price reacted from the same zone with clear bullish intent.
Price is also sitting above EMA 20 & EMA 50, and the RSI bullish divergence confirms that momentum could be shifting back toward the upside.
If buyers hold this support, we can see a short-term push toward the 4,090–4,105 resistance region. A clean breakout above that may open more upside, but for now the focus remains on this bounce setup.
This is not breakout trading, this is simply reacting to a level where buyers have shown strength many times.
As long as this support holds, the risk-reward favors the bullish side.
Analysis By TraderRahulPal | More analysis & educational content on my profile.
Price is also sitting above EMA 20 & EMA 50, and the RSI bullish divergence confirms that momentum could be shifting back toward the upside.
If buyers hold this support, we can see a short-term push toward the 4,090–4,105 resistance region. A clean breakout above that may open more upside, but for now the focus remains on this bounce setup.
This is not breakout trading, this is simply reacting to a level where buyers have shown strength many times.
As long as this support holds, the risk-reward favors the bullish side.
Analysis By TraderRahulPal | More analysis & educational content on my profile.
Trading ditutup: stop tercapai
Went opposite!
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.