Gold Positioning – Preparing for a Potential Swing Long After Liquidity Sweep
Gold is currently positioned at an attractive area for a potential long-term buy setup, following a clear liquidity sweep outside the external range, where Monday’s candle took out the previous Daily Swing Low.
While immediate buying may still be premature, current price action suggests a continued short-term decline could play out today, targeting the Old Low of Monday’s candle. This area may serve as the foundation for a weekly bottom formation.
🔹 Strategic Outlook:
Based on this scenario, I may allocate a small portion of capital for an early long position, with the intention to hold through the upcoming bullish swing.
This position could potentially be held for a minimum of 500 pips if the market confirms a reversal.
Key Buy Zone to monitor: 3289 – 3297
Patience and precision will be key. Let the market show its hand before scaling in.
Gold is currently positioned at an attractive area for a potential long-term buy setup, following a clear liquidity sweep outside the external range, where Monday’s candle took out the previous Daily Swing Low.
While immediate buying may still be premature, current price action suggests a continued short-term decline could play out today, targeting the Old Low of Monday’s candle. This area may serve as the foundation for a weekly bottom formation.
🔹 Strategic Outlook:
Based on this scenario, I may allocate a small portion of capital for an early long position, with the intention to hold through the upcoming bullish swing.
This position could potentially be held for a minimum of 500 pips if the market confirms a reversal.
Key Buy Zone to monitor: 3289 – 3297
Patience and precision will be key. Let the market show its hand before scaling in.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.