faisal-101

the support zones on the chart are enough to tell the story price is likely gonna hit the trendline, and in that zone, we can long from there

as price has hit multiple times the drawn support level and it has been intact since Dec 2024 and still

drawn trendline has been proven a major support level for gold as the price has tested it multiple times and get a decent bounce to make new highs currently price is again approaching the support level opportunity will be when price hit that level then look for buy setups on shorter tfs to get higher RR

the coin has broken the trendline and then also retested it to confirm its bullish rally right now the price action is simply following DOW theory by making HHs & HLs. I have opened a long position on the chart with 1:2 RR.

as it seems a quite bearish trend, the metal has just marked its 3rd LH, so the main thing is that will it continue its bearish trend and if it does that traders should add short positions and for that I have also opened short position although decent RR can be achieved on shorter TFs. The next possible LL has been calculated by the avg of last two

currently the price has broken the bearish trendline, and now it is retracing. an important thing to look at is whether it can sustain itself after completing its retracement. That level has also been drawn. If it fulfills its conditions to enter into a bull run then decent RR can be achieved on multiple TFs

With bearish divergence on daily TF, there is a possibility that the price can fall in the area between the 2738-2682 range, and in that region, we can also see a support level, which is a good thing as the price is following our AB=CD pattern and before hitting the target of that pattern which is 3070 there is opportunity for us to add more positions

the chart clearly shows that the price respected the cup & handle pattern by breaking the handle quite strongly price projection has also been marked, right now the price is in range with bearish divergence moreover yellow trendline acting as resistance for some time and to break that it is good for BTC to be in range for some time

A couple of confluences indicate that Gold will continue its bullish rally. First and most important is an overall trend quite bullish yet showing no signs of a proper reversal trend. Moreover, we can also see the pattern of AB=CD, and the values of this pattern are according to the standard which means that if "C" retracement happens at .5 then the projection of "BC=2" and in our case these conditions have been met. Right now price is almost touching the last HH of 2791.64 and in this scenario, we can see some healthy retracement or maybe bearish divergence which will push the price downwards and then surpass the last HH.

with bearish divergence, the price is currently retracing which is a healthy sign for a bullish rally. Right now the price is almost kissing .5 Fib so instant buy or weight for the price to retrace a bit more for a better entry. By applying Fib I have marked the buy limit order with stop loss.