If gold breaks and closes above ~2,770–2,775, it suggests bullish continuation toward 2,780–2,800 or more.
Possible Setup
Type: Buy Stop at ~2,775 (anticipating a breakout) Stop‐Loss: ~2,750–2,760 The idea is to keep stops relatively tight if the breakout fails. Take‐Profit Targets: ~2,790–2,800 (a 15–25 point run above your entry). If momentum is strong, a secondary target near 2,830 (the 2.618 Fib extension) is possible.
Summary “Big Picture” Outlook Daily Trend: Bullish, with price above the 50 and 200 EMAs. MACD is still positive. Key Near‐Term Resistance: 2,763–2,770; a breakout could extend toward 2,800 and potentially 2,830. Key Pullback Supports: 2,730–2,740 (4H FVG & VAH) 2,710 (PoC) 2,680–2,690 (4H 200 EMA / deeper volume node). Volume Profile: Confirms strong participation around 2,700–2,730, suggesting a robust support band in that area. Momentum Indicators: Short‐term MACD (1H, 4H) is cooling but not definitively bearish. The daily timeframe remains positive, so short‐term dips may be bought until proven otherwise.
Important: this is not personalized financial advice. It’s an illustration of how one might combine risk management principles with the support/resistance zones in play.
Final Note & Disclaimer All market scenarios carry probabilities, not certainties. Technical signals are best combined with macro fundamentals (e.g., interest rates, USD behavior, geopolitical risks) to form a well‐rounded market view. This consolidated analysis serves an educational purpose—always do additional research or consult a licensed professional before making trading or investment decisions.
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