Gold is building a fairly clear short-term bullish structure with two consecutive higher highs (HH) in the 4.080–4.120 zone, with lows still holding above previous lows. Price is currently consolidating right above the most recent breakout zone around 4.080–4.090, setting up for the next leg higher toward the 4.135 target.
My plan is to buy if price retests the 4.080–4.090 zone, stop loss below 4.070, targeting the 4.135 zone above.
The biggest risk is if price loses the 4.080–4.090 zone and closes below 4.070 — in that case, this HH structure will be considered broken, and I'll stay on the sidelines waiting for a new signal rather than chasing the move.
This is just my personal take based on technical analysis. Wishing you successful trading.
My plan is to buy if price retests the 4.080–4.090 zone, stop loss below 4.070, targeting the 4.135 zone above.
The biggest risk is if price loses the 4.080–4.090 zone and closes below 4.070 — in that case, this HH structure will be considered broken, and I'll stay on the sidelines waiting for a new signal rather than chasing the move.
This is just my personal take based on technical analysis. Wishing you successful trading.
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⚡ Forex • Gold • Crypto
Decoding smart money moves through volume and market structure.
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Decoding smart money moves through volume and market structure.
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🤝 Trader Community
👇 Grow with us:
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相關出版品
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