Smart money concept analysis on Gold price
1. Market Structure: Currently transitioning to bullish with a CHoCH indicating a potential reversal from the bearish trend.
2. Key Zones:
Demand Zone: $2,620–$2,630 (strong low, institutional buying zone).
Supply Zone: $2,650–$2,660 (weak high, potential liquidity grab area).
3. Trade Ideas:
Long: Enter near $2,620–$2,630 if price confirms bullish momentum (e.g., BOS up).
Short: Look for rejection at $2,650–$2,660 if bearish signs appear.
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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.