GOLD1! Scenario A: Buying (Long Position)
Best Entry: Wait for the price to dip down to Support 1 (122,200 / 4,030).
Confirmation: Look for a green candle or a long wick at the bottom (rejection of lower prices) before entering.
Alternative Entry (Breakout): If price breaks cleanly above 123,600 / 4,085 with strong volume.
Stop Loss (SL): Just below the support zone (e.g., 121,900 / 4,015).
Target (Exit): First target is Resistance 1 (~123,500), second target is Resistance 2 (~124,200).
Scenario B: Selling (Short Position)
Best Entry: Wait for the price to rise to Resistance 1 (123,400 - 123,600 / 4,080).
Confirmation: Look for a red candle, a "shooting star" pattern, or the Stochastic indicator turning down from the top (80+ level).
Alternative Entry (Breakdown): If price breaks cleanly below Support 1 (122,200 / 4,030).
Stop Loss (SL): Just above the resistance zone (e.g., 123,900 / 4,100).
Target (Exit): First target is Support 1 (~122,200), second target is Support 2 (~121,200).
