From TradingView · · 1m 10s
Gold faces critical test at key structural level
A technical analyst identifies the decisive price zone that could determine gold's next major move in coming months.
In brief
A technical analyst identifies the decisive price zone that could determine gold's next major move in coming months. Gold remains in a long-term bullish setup, with every price dip presenting a potential buying opportunity before a major target is revealed. Originally reported by TradingView.
One critical node remains
Gold is testing a major structural level that hasn't been breached yet. The same node provided the last entry signal in previous analysis.
Engulfment now looks unlikely
The last price leg failed to break through this decisive structure. Given the timeframe, a full engulfment of the node appears improbable now.
Two entry zones identified
The gray box marked FTC offers the sweetest entry area. A riskier alternative exists at the hidden spike above, marked by the blue line.
“Some risk can also be taken at the hidden spike above, marked by the blue line.”
Major target coming in three months
Gold's 12-month target is very high and will be announced precisely once the yearly candle closes in the next three months.
“gold's target on the 12-month timeframe is very high”
Every dip is a buy opportunity
Until the yearly target is reached, pullbacks should be viewed as chances to enter. This is analysis, not a recommendation.
“For now, every dip being offered is a buying opportunity.”
The bottom line
Gold remains in a long-term bullish setup, with every price dip presenting a potential buying opportunity before a major target is revealed.
