Gold has recently taken out a weak high, indicating a potential liquidity grab before a retracement. The current structure shows bullish momentum, but with the 1D Fair Value Gap (FVG) and 1D Order Block (OB) below, there's a high chances for a short term bearish move to fill these imbalances.
🔹 Key Observations:
CHOCH (Change of Character) confirms bullish shift after BOS (Break of Structure).
Price may retrace to the 1D FVG zone (3174) or it could further go down till 3117 depending the bearish pressure but it will go back up
Expecting a bullish reaction from these zones, with potential to continue the uptrend.
📈 Trade Idea:
Sell Setup: Short from current level ( 3230–3236), targeting the 1D FVG.
Buy Setup: Look for bullish confirmations in the OB zone (3133 - 3117) for a long entry back toward recent highs or higher.
🔹 Key Observations:
CHOCH (Change of Character) confirms bullish shift after BOS (Break of Structure).
Price may retrace to the 1D FVG zone (3174) or it could further go down till 3117 depending the bearish pressure but it will go back up
Expecting a bullish reaction from these zones, with potential to continue the uptrend.
📈 Trade Idea:
Sell Setup: Short from current level ( 3230–3236), targeting the 1D FVG.
Buy Setup: Look for bullish confirmations in the OB zone (3133 - 3117) for a long entry back toward recent highs or higher.
Note
Since it's monday so there is is no such volume, but i have marked my level and i am watching the market as sson as any opportunity found i'll update you guys
🗣Daily forex updates 🇺🇲🌎🗣Fundamentals and Technical experts🗣GBP specialists & Gold🗣weekly 1500-2000pips🗣chart patterns 👍 t.me/ApexBullGold
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.
🗣Daily forex updates 🇺🇲🌎🗣Fundamentals and Technical experts🗣GBP specialists & Gold🗣weekly 1500-2000pips🗣chart patterns 👍 t.me/ApexBullGold
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.