Gold Price Analysis: Bullish Reversal After Key Level Hunt

29 gen

hello guys!

Gold recently broke out of a rising channel and experienced a sharp decline, hunting liquidity and touching a key flip area. This level acted as strong support, triggering a rebound.

Now, the price is attempting to form a higher low, and two bullish scenarios are in play:

1. A direct bounce from the current level leads to a retest of the 2,768 resistance.
   
2. A deeper pullback into the liquidity zone before pushing back up to the same resistance.
   

A break above 2,768 would confirm bullish continuation.

30 gen

Trade chiuso: obiettivo raggiunto

the target area touched!
I hope you got it!