📊 Market Overview:
Gold continues to break all-time highs, currently trading around $2930 - $2932. Despite a temporary pause at this resistance level, geopolitical uncertainty and economic conditions suggest that gold could soon reach the psychological $3000 mark.
📈 Technical Analysis & Market Sentiment
Yesterday, gold printed a strong Marubozu candle, rallying from $2853 to $2910, confirming strong bullish momentum.
Today, the price continues its uptrend, climbing from $2910 to $2932, indicating that buyers remain in full control.
Selling at this stage is risky, as price keeps breaking resistance zones.
A potential reversal will require strong bearish signals from both technical indicators and major fundamental news.
📍 Key Levels to Watch
🚀 Resistance Zones (FE - Fibonacci Extensions) for Short Setups:
🔹 2938 - 2945 - 2956 - 2972 - 2983 - 2990
📉 Support Zones for Buy Setups:
🔻 2918 - 2908 - 2896 - 2880 - 2858
📊 Trading Plan for Today
🟢 BUY SCALP: 2908 - 2906
📍 SL: 2902
🎯 TP: 2912 - 2915 - 2918 - 2922 - 2926 - 2930
🟩 BUY ZONE: 2883 - 2885
📍 SL: 2878
🎯 TP: 2888 - 2892 - 2896 - 2900 - 2905 - 2910
🔴 SELL SCALP: 2945 - 2947
📍 SL: 2950
🎯 TP: 2940 - 2935 - 2930 - 2925
🔻 SELL ZONE: 2982 - 2984
📍 SL: 2988
🎯 TP: 2978 - 2975 - 2970 - 2965 - 2960 - 2955
📌 Risk Management & Market Insights
✔ Follow TP/SL levels to protect your capital.
✔ Buy setups are preferred for now, but unexpected sell-offs could happen.
✔ Join our community for real-time updates and trade signals.
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💬 Will gold reach $3000? Share your thoughts in the comments! 🔥