Following the recent impulsive move, we’ve seen a significant number of short liquidations. There’s a high probability of a correction toward the accumulated liquidity near the lows. Additionally, keep an eye on the CME gap between $91,920 and $93,440 — a potential magnet for price.
The impulse itself shows signs of weakness, and there's a noticeable bearish...
From an Elliott Wave standpoint, gold appears to be in the final stages of an ending diagonal, suggesting that one last upward push may be imminent before an expected ABC correction sets in. The area below current levels presents an attractive zone for potential long entries, particularly if the price pulls back into the OTE region. It remains to be seen whether...
A beautiful pullback to the 0.618 Fibonacci level is possible, right before the CME market opens. This could present a potential long entry opportunity.
