- Gold has exhibited recent bullish momentum. - On the daily (1D) timeframe, price action demonstrates a pullback approaching a key resistance zone. - Further upside appears likely early in the week, with potential for Gold to advance into nested distribution levels across the 4-hour (4H) and daily (1D) timeframes.
Trade Suggestion:
- Monitor for continued bullish movement early in the week. - Anticipate a potential price rotation later in the week, presenting a possible sell opportunity. - Targets: Observe price behavior within the distribution levels for specific entry and exit points. - Stop-Loss: Employ strategic stop-loss placement above the 1D bearish order block to mitigate risk.
Important Disclaimer:
This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.