Gold analysis, May 06, 2025
Gold on TF M15 From a price action perspective, we see a very healthy and classic market structure in an uptrend phase. There is an impulsive movement, followed by a minor correction phase, then a rally again. This pattern is an ideal form of a continuation pattern, namely the price will continue the main direction after making a temporary correction.
Buy entry is made when the price touches the demand zone around the price of 3335.58 or shows a price reaction such as a bullish pin bar, hammer, or engulfing candle. Place a stop loss a few points below the green zone to avoid false breakouts and keep the support structure valid.