After a strong and extended uptrend, gold is now ranging. On the 4H timeframe, a clear CHoCH broke structure, hinting at early weakness.
The inducement above price acts like a magnet. If swept, it could trigger a reaction from the 4H supply zone. That area marks a potential turning point for a deeper shift.
If this rejection holds, we may be witnessing the first signs of a high-timeframe reversal.
The inducement above price acts like a magnet. If swept, it could trigger a reaction from the 4H supply zone. That area marks a potential turning point for a deeper shift.
If this rejection holds, we may be witnessing the first signs of a high-timeframe reversal.
Jeremiah
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Jeremiah
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.