Gold this week has the same bias we’ve had for the last month—bullish, just like EUR/USD. We saw a significant pullback last week, but in my opinion, this is simply positioning price in the right area for further bullish movement. As this price action develops, we expect it to occur at the current low, which is marked as a high-volume low. This is a 4-hour low and currently the best area for potential long entries.
As always, Orion confirms our bullish bias, so we are waiting for price to reach a key area where we can look for confirmation of that movement. Target the 4-hour highs I’ve marked above, as well as a new all-time high.
Remember, if interest rates are lowered, the wealthy tend to move their money into assets rather than banks—and gold is one of their preferred choices. This could further drive price higher, but overall, our technical analysis confirms a bullish outlook. Orion confirms it as well, and our setups are just waiting to be executed. Follow your rules, manage your risk, and let Orion lead the way.
As always, Orion confirms our bullish bias, so we are waiting for price to reach a key area where we can look for confirmation of that movement. Target the 4-hour highs I’ve marked above, as well as a new all-time high.
Remember, if interest rates are lowered, the wealthy tend to move their money into assets rather than banks—and gold is one of their preferred choices. This could further drive price higher, but overall, our technical analysis confirms a bullish outlook. Orion confirms it as well, and our setups are just waiting to be executed. Follow your rules, manage your risk, and let Orion lead the way.
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Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Related publications
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.
Our FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Learn the Orion Trading System with the link below.
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Related publications
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.