Gold Setup: Filling Gaps Before the Next Leg Up?

l’altro ieri

Gold (XAU/USD) continues to exhibit strong bullish momentum, maintaining its position within an uptrend. Currently, price is trading in the premium zone, suggesting that it may seek liquidity before continuing higher. The recent move swept liquidity on the 4-hour timeframe, taking out short-term sell-side liquidity (SSL) before stalling at $2,886.80, the most recent high.

Looking at the price structure, there is a 4-hour gap around $2,820-$2,830, which could act as an initial support zone. However, given the current market dynamics, there's a possibility that this gap might not hold, leading price to fill the fair value gap (FVG) between $2,780-$2,800 before reversing to the upside. This deeper retracement would allow gold to tap into fresh demand and accumulate more liquidity before resuming its bullish trend.

Gold remains fundamentally strong, and with its bullish structure intact, any pullback into these key levels could present a high-probability long setup. If price fills the lower FVG and shows signs of buying pressure, we could see a continuation towards new highs, possibly retesting and breaking above $2,886.80 in the near term.

Traders should monitor price action closely in these key demand zones, looking for bullish confirmations such as rejection wicks, order block formations, or bullish engulfing candles before entering long positions. As long as gold remains above structural support, the overall bias remains bullish, with potential for further upside in the coming sessions.

l’altro ieri

Nota

Currently gold is moving up really strong and is moving away from the gap, we might see a gap fill later this week. Time will tell

10 ore fa

Trade attivo

GOLD moved away a little further from the imbalances but its still possible to reach those prices.