GOLD – Bullish Flag Breakout After Demand Zone Test

2 lug

Price pulled back into the major demand zone (blue area), rejected with a strong wick, and formed a bullish flag structure. The breakout above the flag channel suggests continuation toward recent highs.

Trade Plan:

✅ Entry:
Above 3344 (breakout confirmation)

✅ Stop Loss:
Below 3332 (last swing low)

✅ Target:
3357–3360 (previous resistance zone)

Context:
• Demand zone respected
• EMA support aligning
• Clear breakout candle with volume

Risk Management:
Max risk per trade: 1%

Zoom in M5:



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2 lug

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