Gold is currently maintaining a bullish structure within an ascending channel. Avoid entering at the current market price. Wait for a retracement and proper confirmation.
BUY ZONE: 4397–4404
STOP LOSS: Below 4387
TARGET 1: 4424
TARGET 2: 4439–4440
ENTRY CONFIRMATIONS:
✅ Ascending trendline support
✅ 4397–4404 support zone holding
✅ Fibonacci retracement confluence
✅ Bullish rejection candle
✅ Market structure confirmation
If Gold breaks 4397 strongly and a 1H candle closes below this level, the buy setup may become invalid.
⚠️ Use a maximum of 3 lots only.
⚠️ Split the position into smaller entries.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.