$GOLD / #Gold | 1H Trade Setup Update 🟢 Long Position: - Entry: 2,489 (0.618 Fibonacci Level)

$GOLD / #Gold | 1H Trade Setup Update

🟢 Long Position:
- Entry: 2,489 (0.618 Fibonacci Level)
- Stop Loss: 2,486
- Take Profit: 2,510

● Current Status: GOLD is attempting to find support at the Value Area Low (VAL) with bullish divergence, rising momentum, and increasing money flow. It recently dipped to grab liquidity at a high-volume node at the bottom of the range.

● Technical Indicators: Bullish Divergence: Momentum and money flow are on the rise. Stochastic RSI: Low, indicating potential for upward movement.

● Outlook: This long trade targets a move towards 2,531. Watch for sustained support at the VAL and keep an eye on the high-volume node for potential liquidity-driven reversals. The combination of bullish divergence, rising momentum, and a low stochastic RSI suggests a favorable outlook for an upward move.