Gold trade · Digital Wealth Creators

Gold trade

HI!

Gold is still trading within a broader bullish structure, while the visible head & shoulders pattern points to a short-term corrective move, not a full trend reversal.

Price is approaching a strong confluence zone made up of weekly support + S&D area, where a bullish reaction is likely.

Long setup idea (buy-the-dip scenario):

Entry zone: 4,540 – 4,535 (marked S&D area)
Invalidation: Clean break and close below 4,520
Target 1: 4,590 (previous range high)
Target 2: 4,610 – 4,620 (continuation toward trend highs)

As long as price holds above weekly support, any dip into the highlighted zone is considered a pullback within an uptrend rather than a bearish reversal.

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