Gold is showing a classic ICT-aligned reaction after tapping into a clean 4H Fair Value Gap (FVG), which acted as a high-probability point of interest (POI). The rejection wick and immediate bullish reaction suggest algorithmic interest has returned, hinting at a potential short-term bullish continuation.
🧠 Key Confluences:
✅ 4H FVG respected cleanly — often signals institutional accumulation when coupled with high volume and immediate pushback.
✅ COT Report Overlay: Institutional longs on gold outweigh shorts significantly (81% long), while retail is skewed bearish (69% short). This adds confidence to the long-side thesis — smart money likely pushing the upside.
✅ Price displacing higher after sweep of local liquidity — textbook liquidity grab before directional move.
🎯 Targets:
First Buyside Liquidity: 3,366.95 — this is the initial level where we may see some profit taking and possible rejection.
Second Buyside Liquidity: 3,433.85 — high-timeframe clean highs likely resting with unmitigated orders, making this a strong target.
However, due to the impulsive nature of gold, a retracement or pullback from the first target is very likely before continuation to the next liquidity level. This could present a second entry opportunity if the FVG zone holds support again.
⚠️ Risk Note:
A break and close below the FVG invalidates the bullish bias and could push price toward the prior sell-side zone near 3,257 or lower.
🧠 Key Confluences:
✅ 4H FVG respected cleanly — often signals institutional accumulation when coupled with high volume and immediate pushback.
✅ COT Report Overlay: Institutional longs on gold outweigh shorts significantly (81% long), while retail is skewed bearish (69% short). This adds confidence to the long-side thesis — smart money likely pushing the upside.
✅ Price displacing higher after sweep of local liquidity — textbook liquidity grab before directional move.
🎯 Targets:
First Buyside Liquidity: 3,366.95 — this is the initial level where we may see some profit taking and possible rejection.
Second Buyside Liquidity: 3,433.85 — high-timeframe clean highs likely resting with unmitigated orders, making this a strong target.
However, due to the impulsive nature of gold, a retracement or pullback from the first target is very likely before continuation to the next liquidity level. This could present a second entry opportunity if the FVG zone holds support again.
⚠️ Risk Note:
A break and close below the FVG invalidates the bullish bias and could push price toward the prior sell-side zone near 3,257 or lower.
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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.
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.