Gold is currently trading near 2920, showing bullish momentum after a strong recovery from recent lows. Price action suggests buyers are in control, but key levels must hold for continued upside.
🔍 Key Observations:
✅ Bullish Structure: The price has formed a bullish flag, signaling potential continuation toward liquidity above 2930.3 (swing high).
✅ Fair Value Gap (FVG) 2907 - 2900: This zone should act as support. If price stays above it, we could see bullish continuation.
✅ Bullish Order Block (OB) 2891 - 2880: If price retraces, this area could serve as a high-probability buy zone for another push higher.
📈 Key Levels to Watch:
🔹 Support Zones:
🔹 Resistance & Targets:
⚠️ Possible Scenarios:
📌 Bullish: A break above 2920-2925 could send price toward 2930+ liquidity.
📌 Bearish Pullback: A drop into 2907-2900 may present a buying opportunity before moving higher.
🛑 Final Thoughts:
The trend remains bullish, and as long as price stays above key FVG and OB zones, further upside is likely. Keep an eye on these levels for potential trade setups!
🔍 Key Observations:
✅ Bullish Structure: The price has formed a bullish flag, signaling potential continuation toward liquidity above 2930.3 (swing high).
✅ Fair Value Gap (FVG) 2907 - 2900: This zone should act as support. If price stays above it, we could see bullish continuation.
✅ Bullish Order Block (OB) 2891 - 2880: If price retraces, this area could serve as a high-probability buy zone for another push higher.
📈 Key Levels to Watch:
🔹 Support Zones:
- 2907 - 2900 (FVG, 4H) – Ideal for bullish continuation.
- 2891 - 2880 (OB, 4H) – Stronger demand zone if a pullback occurs.
🔹 Resistance & Targets:
- 2930.3 (Swing High) – Liquidity target for buyers.
- A breakout above 2930 could trigger further bullish momentum.
⚠️ Possible Scenarios:
📌 Bullish: A break above 2920-2925 could send price toward 2930+ liquidity.
📌 Bearish Pullback: A drop into 2907-2900 may present a buying opportunity before moving higher.
🛑 Final Thoughts:
The trend remains bullish, and as long as price stays above key FVG and OB zones, further upside is likely. Keep an eye on these levels for potential trade setups!
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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.