Type: Buy
Entry: 3,405 (above 3,401 pivot)
Stop Loss (SL): 3,384
Target A (TP1): 3,423
Target B (TP2): 3,433
🔎 Market Outlook
Gold is supported by a rising trend line and remains above the 3,401 pivot, favoring further upside. A move above this level targets 3,423 and 3,433. On the downside, a drop below 3,401 would put 3,384 and 3,373 in focus. While a continuation of consolidation cannot be ruled out, its extent is expected to be limited, keeping buyers in control as long as the pivot holds.
📈 Trade Management Guide
-
At TP1 (3,423) → Move SL to Entry (3,405) for a risk-free trade.
-
At TP2 (3,433) → Move SL to TP1 (3,423) and close fully or partially.
-
Alternative Scenario: Below 3,401, bias turns bearish with downside targets at 3,384 → 3,373.
