GOLD ANALYSIS 🟡 | Bullish Setup Building
Price is retracing after completing a corrective wave structure (A–B–C) under major descending trendline resistance. We're now sitting just above the 200 EMA and entering key demand zones aligned with ascending trendline support.
🔹 Confluences:
Trendline support + demand zone
200 EMA holding as dynamic support
Corrective structure complete (Wave C)
Higher timeframe bullish structure intact
📌 Buy Zones: $3,220 – $3,180
🎯 Target: Retest of $3,434
🛑 Invalidation: Clean break below $3,160
Price is setting up for a potential bullish continuation — watching for bullish confirmation from these demand zones. Patience is key.
Price is retracing after completing a corrective wave structure (A–B–C) under major descending trendline resistance. We're now sitting just above the 200 EMA and entering key demand zones aligned with ascending trendline support.
🔹 Confluences:
Trendline support + demand zone
200 EMA holding as dynamic support
Corrective structure complete (Wave C)
Higher timeframe bullish structure intact
📌 Buy Zones: $3,220 – $3,180
🎯 Target: Retest of $3,434
🛑 Invalidation: Clean break below $3,160
Price is setting up for a potential bullish continuation — watching for bullish confirmation from these demand zones. Patience is key.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.