Gold Forecast Recap 🏆 – Target Hit! 🎯

Gold Forecast Recap 🏆 – Target Hit! 🎯

Another precision move as expected on #GOLD. Here’s how our analysis played out:

🔹 Intro: At Boom FX, we rely on simplicity, experience, and knowledge to deliver accurate trading insights. This week’s GOLD forecast exemplifies our strategic approach to identifying high-probability setups.

📊 Trade Setup Breakdown:

1️⃣ OB (Order Block): Price reached a key supply zone, marked as an Order Block (OB). This served as a significant reversal area for our SELL setup.

2️⃣ BOS (Break of Structure): Previous structural support was broken, confirming bearish momentum. This validated our bearish bias.

3️⃣ MSB (Market Structure Break): Additional confirmation came with the retest of the broken structure (resistance-turned-support).

4️⃣ FVG (Fair Value Gap): The price efficiently filled the gap below, aligning perfectly with our anticipated target zone.

5️⃣ SSL (Sell Side Liquidity): Liquidity was grabbed near the SSL region before the continuation to the downside.

📈 Results: Our target was beautifully achieved, with GOLD dropping from the OB area to the FVG target zone. Patience and precision once again delivered results!

💡 Lesson: Understanding liquidity zones, structure breaks, and imbalance areas are key to mastering market movements. Stick with Boom FX for consistent, high-probability setups.