Umsindo ohlukanisiwe

Good morning traders. At around 4 AM, I prepared this setup on Gold using the 1-hour timeframe. Price has been trending to the downside, and after this strong bearish impulse, the market is currently consolidating near a short-term support zone. My expectation is a possible continuation to the up…

Good morning traders. At around 4 AM, I prepared this setup on Gold using the 1-hour timeframe. Price has been trending to the downside, and after this strong bearish impulse, the market is currently consolidating near a short-term support zone. My expectation is a possible continuation to the upside if buyers step in from this area. I have mapped out three potential targets above: TP1, TP2, and TP3, with the stop loss placed below the recent low to manage risk. This is not financial advice