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GOLD STAYS BULLISH! - Target level

77
🟡 GOLD – Breakout Play Setting Up
🔎 Bias: Bullish

Gold is breaking out of a long consolidation phase. Weekly consolidation waves have completed, meaning an impulsive move is due. The liquidity trend is pointing higher, and demand zones are holding strongly.

📊 Technical Breakdown

Weekly/Daily View (Left Chart):

Price has been trapped in a weekly wedge structure, respecting both liquidity highs and lows.

Wave cycle (a–e) completed, with bullish pressure building.

Key Demand Zone: 3273 – 3330 held firm, rejecting sell pressure.

Target Zone: 3408 (major liquidity target), aligning with wedge resistance.

4H View (Right Chart):

Clear demand reaction after tapping into daily demand block.

Strong impulsive move upward (Wave (1)), expecting a pullback (Wave (2)) to retest structure/support before continuation.

Next projected leg higher towards 3400+, where liquidity and supply converge.

🎯 Trade Plan

Entry Zone: 3330 – 3360 (wait for retracement confirmation)

Target 1: 3408 (liquidity level)

Target 2: 3450 (upper supply wick)

Invalidation: Below 3273 (loss of demand structure)

📌 Summary

Gold is shifting from consolidation into impulse. With demand holding and liquidity resting above, bulls are in control. Watching for a healthy pullback to load into longs targeting 3408+.

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