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

$GOLD / #Gold | 1H Trade Setup Update

Position: 🟢 Long

Trade Details:
• Entry: 2,556 (0.618 Fibonacci Level)
• Stop Loss: 2,563
• Take Profit: 2,581

● Current Analysis
Gold is finding support at the Value Area Low (VAL) with bullish divergence, increasing momentum, and rising money flow. It recently dipped to tap liquidity around a high-volume node near the bottom of the range.

● Technical Indicators
- Bullish Divergence: Momentum and money flow are both trending upwards, indicating strengthening bullish pressure.
- Stochastic RSI: Positioned low, implying potential for upward movement.

● Outlook
This long setup aims for a move toward 2,531. Support at the VAL is critical, with a need to watch the high-volume node for possible liquidity-driven reversals. The combination of bullish divergence, increasing momentum, and a low Stochastic RSI presents a positive outlook for continued upward movement.