Emas / Dollar A.S.Pembelian
GOLD BUY IDEA 7TH NOV
Diupdate
Gold Price Action Analysis (XAUUSD)
Gold is currently at a critical level, interacting with a 4-hour order block that aligns with a significant resistance zone, which may potentially turn into support. This level offers a strong foundation for observing price behavior.
Multi-Time Frame Analysis:
4-Hour (4H) Time Frame: Gold has reached an order block coupled with a resistance zone, suggesting this level may serve as a support if it holds.
1-Hour (1H) Time Frame: We see a bullish engulfing candle, which reflects bullish sentiment. However, the buyers appear trapped after entering long at the 5-minute order block, and also post a minor trend line breakout.
Structure & Fibonacci Levels: The break of structure has occurred, with price holding firmly at the 0.618 retracement level. This level is pivotal and may provide a base for a continued bullish push if maintained.
Trade Setup:
Entry: Consider a buy setup with a break above the 15-minute resistance, followed by a retracement for entry confirmation. Watching the candle close above this level will add further validation.
Target (TP1): The initial target could be set at the 5-minute order block level, aligning with the next key area for profit-taking.
Stop Loss (SL): If price closes below the minor order block, this could invalidate the bullish setup. Any closure below this level signals potential further downside, but avoid shorting until a confirmed break of the previous swing low.
Note: Allow price to develop and await clear confirmation on the 15-minute chart before executing. If the price respects the structure, it may provide high-probability trade opportunities.
Gold is currently at a critical level, interacting with a 4-hour order block that aligns with a significant resistance zone, which may potentially turn into support. This level offers a strong foundation for observing price behavior.
Multi-Time Frame Analysis:
4-Hour (4H) Time Frame: Gold has reached an order block coupled with a resistance zone, suggesting this level may serve as a support if it holds.
1-Hour (1H) Time Frame: We see a bullish engulfing candle, which reflects bullish sentiment. However, the buyers appear trapped after entering long at the 5-minute order block, and also post a minor trend line breakout.
Structure & Fibonacci Levels: The break of structure has occurred, with price holding firmly at the 0.618 retracement level. This level is pivotal and may provide a base for a continued bullish push if maintained.
Trade Setup:
Entry: Consider a buy setup with a break above the 15-minute resistance, followed by a retracement for entry confirmation. Watching the candle close above this level will add further validation.
Target (TP1): The initial target could be set at the 5-minute order block level, aligning with the next key area for profit-taking.
Stop Loss (SL): If price closes below the minor order block, this could invalidate the bullish setup. Any closure below this level signals potential further downside, but avoid shorting until a confirmed break of the previous swing low.
Note: Allow price to develop and await clear confirmation on the 15-minute chart before executing. If the price respects the structure, it may provide high-probability trade opportunities.
Trading ditutup: target tercapai
TP 3 DONE
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