Gold Market Update – MJ Forex Academy

Gold Market Update – MJ Forex Academy
Yesterday the market formed a new higher high after breaking previous structure. As highlighted in the morning analysis, price first offered a sell from our level and later confirmed a buy when it broke 3655 and retested exactly as anticipated.
Today’s Outlook – Bullish Bias
1st Buying Zone: 3674 – Key support and retest of the recent break of structure.
2nd Buying Zone: 3655–3660 – Previous day’s M15 Break of Structure and Fibonacci discounted zone. A deeper retracement filling the fair value gap (FVG) would make this a strong area.
3rd Buying Zone: On a clean break above 3695, a retest of 3680-82 will become a fresh demand zone.
Selling:
No sell setups are recommended while price remains above 3630.
⚠️ Risk Management: Markets are highly volatile. Never risk more than 0.5% of your trading capital on a single trade.
Disclaimer: This analysis is based on historical data and pattern study for educational purposes only. It is not financial advice please conduct your own research before placing any trades.
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