Gold appears to be generating significant liquidity, suggesting a potential setup for another rally to the upside. We’re seeing liquidity engineering, which points toward the possibility of gold making a push to retest all-time highs.
I’m watching for a chance to capitalize on this move. There’s a 1-hour demand zone just below a pool of liquidity that has recently triggered a change of character (CHOCH) to the upside. I’ll be looking for price to mitigate that demand zone before taking liquidity higher.
Confluences for Gold Buys:
- Gold is consolidating, likely preparing for a breakout.
- Trendline liquidity to the upside still needs to be taken.
- The 1-hour demand zone has caused a CHOCH to the upside.
- Gold remains bullish, aligning with the overall trend.
- The US Dollar Index (DXY) is showing signs of bearishness from its supply zone, supporting the bullish outlook for gold.
Note: If price continues to drop and fails to hold at the 1-hour demand zone, I’ll anticipate it to fill the imbalance below and mitigate the 10-hour demand zone. This area is another point of interest where a potential bullish rally for gold could form.
I’m watching for a chance to capitalize on this move. There’s a 1-hour demand zone just below a pool of liquidity that has recently triggered a change of character (CHOCH) to the upside. I’ll be looking for price to mitigate that demand zone before taking liquidity higher.
Confluences for Gold Buys:
- Gold is consolidating, likely preparing for a breakout.
- Trendline liquidity to the upside still needs to be taken.
- The 1-hour demand zone has caused a CHOCH to the upside.
- Gold remains bullish, aligning with the overall trend.
- The US Dollar Index (DXY) is showing signs of bearishness from its supply zone, supporting the bullish outlook for gold.
Note: If price continues to drop and fails to hold at the 1-hour demand zone, I’ll anticipate it to fill the imbalance below and mitigate the 10-hour demand zone. This area is another point of interest where a potential bullish rally for gold could form.
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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.