Gold is consolidating near the resistance zone, forming a weak high 📉, indicating a possible liquidity grab before reversal. The price is expected to move up slightly towards the OB at 2995 before facing resistance and dropping ⬇️.
🔹If the price breaks above 2998 than it could move up till the previous high
🔹 If the price faces rejection from OB than it could go downward till 2983
While market is moving in range we wait for the either side breakout confirmation before entering
🔹If the price breaks above 2998 than it could move up till the previous high
🔹 If the price faces rejection from OB than it could go downward till 2983
While market is moving in range we wait for the either side breakout confirmation before entering
Trade attivo
Gold has tapped into the Bearish OB at 2983 and is now showing signs of bullish momentum. The weak high acted as a liquidity grab, and price is reacting positively from the demand zone.Trade Setup:
🔹 Entry: Near 2982
🔹 Target: 3000, potential move towards previous high
📌 Market is still in a range, so we watch for a breakout confirmation for further upside.
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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.