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Timeframe 1H | Gold price is capped between 4,040 – 4,085 (symmetrical triangle).
1. ⚙️Define the command area (executable area)
Buy zone (betting on an increase):
Entry point: 4,044 – 4,046
Stop Loss (SL): 4,038
Strategy: Strong support zone (technical analysis converges), bet on upside.
Quick sale area (short term):
Entry point: 4,071 – 4,073
Stop Loss (SL): 4,077
Strategy: Near resistance, trading is tight.
Sell zone (strong resistance):
Entry point: 4,097 – 4,099
Stop Loss (SL): 4,107
Strategy: Strong Resistance – Wait for profit/reversal.
⚡ Great hacking scene
Long-term breakout: above 4,085, target: 4,110 to 4,130.
Short-term breakout: below 4,040 points, target: 4,020 to 4,000 points.
2. 📰 Basic knowledge
The market is awaiting US data (employment, PCE) and the Fed decision. This news will be the catalyst for a breakthrough.
💡Strategy Summary
Be patient and wait for a breakthrough. Quick/limit orders require strict stops. Take action on technology breakthroughs supported by the news.
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