XAU/USD (Gold) - 2H Chart Analysis 🏆📈
🔹 Wyckoff Structure Insight
The chart shows signs of a Wyckoff Accumulation phase.
UTAD (Upthrust After Distribution) at the previous highs suggests a liquidity grab.
Test of the resistance level before a strong rejection downward.
SOW (Sign of Weakness) was observed, but buyers regained control.
🔹 Key Technical Levels
Fair Value Range marked below, showing a potential area of demand.
Unfilled Imbalance (EMB unfilled) signals an area where price might revisit before continuing upward.
Gap below indicates a previous liquidity sweep before the bullish reversal.
🔹 Trend & Price Action
Current price action is showing higher lows and bullish structure development.
Projected bullish move 📈 is expected to test the $2,940+ region.
🔹 Trading Bias: Bullish ✅
A retracement to the EMA or minor pullback could offer re-entry opportunities.
Invalidation level: Below $2,900, where momentum could shift bearish.
🚀 Gold remains strong; watch for breakouts above $2,940!
🔹 Wyckoff Structure Insight
The chart shows signs of a Wyckoff Accumulation phase.
UTAD (Upthrust After Distribution) at the previous highs suggests a liquidity grab.
Test of the resistance level before a strong rejection downward.
SOW (Sign of Weakness) was observed, but buyers regained control.
🔹 Key Technical Levels
Fair Value Range marked below, showing a potential area of demand.
Unfilled Imbalance (EMB unfilled) signals an area where price might revisit before continuing upward.
Gap below indicates a previous liquidity sweep before the bullish reversal.
🔹 Trend & Price Action
Current price action is showing higher lows and bullish structure development.
Projected bullish move 📈 is expected to test the $2,940+ region.
🔹 Trading Bias: Bullish ✅
A retracement to the EMA or minor pullback could offer re-entry opportunities.
Invalidation level: Below $2,900, where momentum could shift bearish.
🚀 Gold remains strong; watch for breakouts above $2,940!
Trade active
🎯 GOLD TARGET HIT! 🏁
The bullish projection played out perfectly as XAU/USD surged to the $2,940 level. 📈💰
The Wyckoff accumulation, fair value range, and unfilled imbalance paved the way for this breakout. 🚀
Who's banking profits today? 🤑🔥
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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uvd1etcgg1
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.