We're currently at the most crucial price zone for gold this week. The price is hitting the strongest psychological and technical support levels, making it a prime opportunity for those who know how to snipe.

📍 Current Trading Plan:

Entry Range (Long): between 4,700 and 4,705. (Current price 4,702 is looking pretty sweet as shown on the chart).

First Target (TP1): 4,750.

Second Target (TP2): 4,785.

Stop-Loss (SL): Close below 4,688.

🔍 Live Technical Analysis:

Demand Zones: We're seeing a pile-up of hefty buy orders at the 4,700 level, making it a 'defensive zone' for the bulls.

Retest: Gold is currently executing a successful retest of previously broken support levels that have now turned into solid support.

Momentum: Momentum indicators on the 4-hour timeframe are showing clear positive 'divergence', signaling a potential quick and strong rebound.

⚠️ Tip: Trading futures requires strict risk management. Always make sure to set your stop-loss.

Do you think gold will start its journey to $5,000 from this point? Share your analyses with us! 👇

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