On the 4-hour timeframe, Gold is currently experiencing a downward movement. However, the market has recently entered into a bullish PD (Price Delivery) Array on the daily timeframe. This suggests that although short-term bearish pressure is evident, the broader daily structure remains bullish.
It is expected that the price may continue to move slightly lower in the short term in order to capture the liquidity resting below the previous swing low. After sweeping this liquidity, we anticipate that price will find support at the CE (Consequent Encroachment) level of the daily bullish Fair Value Gap (FVG).
Following this interaction, a Market Structure Shift (MSS) may occur, indicating a potential reversal in trend. If this plays out as expected, we could then observe a bullish move with price beginning to climb upward once again.
Please conduct your own research (DYOR). This is not financial advice.
It is expected that the price may continue to move slightly lower in the short term in order to capture the liquidity resting below the previous swing low. After sweeping this liquidity, we anticipate that price will find support at the CE (Consequent Encroachment) level of the daily bullish Fair Value Gap (FVG).
Following this interaction, a Market Structure Shift (MSS) may occur, indicating a potential reversal in trend. If this plays out as expected, we could then observe a bullish move with price beginning to climb upward once again.
Please conduct your own research (DYOR). This is not financial advice.
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Join My Telegram Channel For Getting Free Signals and Analysis 👇👇
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.