GOLD SETUP

Updated
Gold remains bullish due to strong fundamentals, which continue to support the market. However, buyers have struggled to push prices higher, leading to a battle between buyers and sellers. Recently, buyers have shown signs of exhaustion at the current price level, with candlestick patterns indicating that sellers are gaining strength.

TP and SL are marked
Risk no more than 1%
Risk management is a must

Follow for more swing setups
Trade active
50+ pips in profit
Trade active
85+ pips in profit
Comment
110 pips in profit
Move SL to breakeven
Trade active
170 pips in profit
Move SL to 2520
Trade active
200 pips done
Trade active
230+ in profit

Break below 2500 would give us 2475
Trade active
300+ pips in profit.
Move SL to 2510
Trade active
Sell Again 2523
Trade active
130+ pips in profit again
Trade active
190+ pips in profit

Hopefully, Gold breaks the support this time
Trade active
Another Sell Position Entered 2527.50
TP 2380
Same SL
Trade active
45+ pips in profit
Trade active
60+ pips in profit
Trade active
120+ pips done
Trade active
220+ pips in profit
Trade active
300 pips Done
SL to 2515
Trade active
420+ pips in holding
2471 to 2474 is first support from here
Trade active
500+ pips in profit

Break below 2470 will give us 2435
Trade active
Another attempt to break the 2470 support level is coming

The dollar is strengthening so most likely 2470 support level will break. I feel 2435 may not hold the pressure therefore support will fall on the 2380 shoulder
Chart PatternsTrend Analysis

Disclaimer