$GOLD / #Gold | 1H Trade Setup Update Position: 🟢 Long

$GOLD / #Gold | 1H Trade Setup Update

Position: 🟢 Long

Trade Details:
• Entry: 2,500 (0.618 Fibonacci Level)
• Stop Loss: 2,498
• Take Profit: 2,519

● Current Analysis: GOLD is currently seeking support at the Value Area Low (VAL) with bullish divergence, rising momentum, and increasing money flow. It recently dipped to capture liquidity at a high-volume node near the lower end of the range.

● Technical Indicators: Bullish Divergence: Both momentum and money flow are increasing, signaling growing bullish strength. Stochastic RSI: Positioned low, suggesting potential for an upward move.

● Outlook: This long position targets a move toward 2,531. Key to the setup is sustained support at the VAL, with close monitoring of the high-volume node for potential liquidity-driven reversals. The convergence of bullish divergence, rising momentum, and a low Stochastic RSI points to a favorable outlook for further upside.