š Market Overview (H1)
Gold continues to respect a clean ascending trendline š, forming consistent higher lows š¢. After multiple fake breakouts š“, price is now consolidating above a key pivot support zone, signaling potential continuation.
š§ Key Insights
š“ Breakout Traps: Previous downside breakouts were liquidity grabs ā smart money accumulation.
š¢ Strong Pivot Support: Price holding above 4520ā4530 confirms bullish intent.
š Trendline Confluence: Dynamic support + structure = high-probability continuation.
š¦ Support Zone (4480ā4500): Strong safety net for buyers.
šÆ Bullish Targets
šÆ Target 1: 4600 š
šÆ Target 2: 4650 š„
šÆ Final Target: 4680ā4700 š§Ø (Major Supply Zone)
ā ļø Invalidation Zone
ā Break below 4520 ā Weak bullish momentum
ā Break below 4480 ā Structure shift toward bearish
š” Trade Setup
ā
Buy on pullback to Pivot Zone (4520ā4530)
š Stop Loss: Below 4480
šÆ Take Profit: 4600 ā 4650 ā 4680+
š Summary
Market is in a healthy bullish continuation phase š. As long as pivot + trendline holds, expect a push toward higher liquidity zones š.