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Forwarded from Aussie BIG Lot channel 7
53-GOLD buy @5145 | TP 5500 / SL
Forwarded from Aussie BIG Lot channel 7
55-GOLD buy @5145 | TP 6000 / SL
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Forwarded from Aussie BIG Lot channel 7
58XAUUSD BUY @5300/cmp | TP 6200/ SL 5250
XAUUSD BUY @4860| TP 5200/ SL 4800
Enter between 4833-4860 (short term entry and risky)
Enter between 4833-4860 (short term entry and risky)
Forwarded from Aussie BIG Lot channel 7
Gold Market Outlook
Gold is currently trading around the 5012 level. Market structure suggests a potential upward move from the 4840–4860 support zone, with price likely targeting the 5100 level. Traders may consider multiple entries within this support range, as it represents a key demand area.
However, the 5100 level remains a critical resistance. If the market fails to break and sustain above this level, gold could reverse and move downward toward the 4700–4600 range. From this lower support zone, the market may build strong momentum for a larger bullish move, potentially targeting the 6000 level in the initial phase.
Further updates will be provided as the market structure develops and new price action signals emerge.
Gold is currently trading around the 5012 level. Market structure suggests a potential upward move from the 4840–4860 support zone, with price likely targeting the 5100 level. Traders may consider multiple entries within this support range, as it represents a key demand area.
However, the 5100 level remains a critical resistance. If the market fails to break and sustain above this level, gold could reverse and move downward toward the 4700–4600 range. From this lower support zone, the market may build strong momentum for a larger bullish move, potentially targeting the 6000 level in the initial phase.
Further updates will be provided as the market structure develops and new price action signals emerge.