15M GOLD CHART ANALYSISHi Traders,
Check out our 15M Analysis
As per our chart layout analysis, our analysis has played out perfectly last 2 days. The EMA5 crossed and held above various levels, crossing 2715 target and breaking through the resistance level as well. We highlighted that the next directional move would be confirmed once the EMA5 crossed and locked above weighted levels—and that’s exactly what happened.
To make it easier for you, we’ve added entry levels, and take profit targets (TP1, TP2, TP3). These levels align seamlessly with the EMA5 crossing and holding above each level, which will determine the next target. The golden circle indicates specifically where EMA5 has crossed and locked above the weighted levels and worked out perfectly.
Currently, the price is moving between two weighed levels, with a gap above at 2755 and a gap below at 2748. We need to see the EMA5 cross and lock on either of these levels to confirm the next range.
Remember to focus on buying dips. Our updated levels and weighed zones will help track downward movements and capitalize on upward bounces.
Continue to buy dips at our support levels, targeting 10-20 pips per trade. Each level structure typically provides bounces within this range, making it ideal for precise entry and exit opportunities.
BULLISH TARGET
2762
EMA5 CROSS AND LOCK ABOVE 2715 WILL OPEN THE FOLLOWING BULLISH TARGET
2731 DONE
EMA5 CROSS AND LOCK ABOVE 2731 WILL OPEN THE FOLLOWING BULLISH TARGET
2741 DONE
EMA5 CROSS AND LOCK ABOVE 2741 WILL OPEN THE FOLLOWING BULLISH TARGET
2748 DONE
EMA5 CROSS AND LOCK ABOVE 2748 WILL OPEN THE FOLLOWING BULLISH TARGET
2755
EMA5 CROSS AND LOCK ABOVE 2755 WILL OPEN THE FOLLOWING BULLISH TARGET
2762
BEARISH TARGETS
2696
EMA5 CROSS AND LOCK BELOW 2741 WILL OPEN THE FOLLOWING BEARISH TARGET
2720
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE FOLLOWING BEARISH TARGET
2701
EMA5 CROSS AND LOCK BELOW 2701 WILL OPEN THE FOLLOWING BEARISH TARGET
2688
As always, we’ll keep you updated throughout the week with regular insights on how we’re managing active ideas and setups. Thank you all for your continued support, including your likes, comments, and follows – we truly appreciate it!
TheQuantumTrader
