I’m watching $GPS closely after it completed a clean recovery from the lower demand zone. The recent impulsive breakout candle confirms bullish strength, and price is now holding above key intraday resistance with higher lows intact. Buyers are clearly in control, and as long as the breakout zone holds, I’m expecting continuation toward the next resistance levels.
Trade Setup (Long):
Entry Zone: 0.00520 – 0.00555
Targets:
TP1: 0.00590
TP2: 0.00630
Stop Loss: 0.00470
Why this setup works:
The breakout from the demand zone shows strong buyer momentum. Price holding above the breakout level with higher lows indicates the trend is healthy and continuation is likely. By entering within the zone, I’m catching the move early with a favorable risk-to-reward ratio.
I’m personally monitoring this trade, and the SL is placed to protect against any false breakout. As long as price respects the entry zone, the upside looks promising.
If you want, I can also make a visual trade map for $GPS showing the entry, TPs, and SL so it’s easier to see the plan at a glance. Do you want me to create that?
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