GOLD/ XAUUSD LONG/BUY
🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL THEN BUY
Undoubtedly, Gold remains subjected to significant selling pressure. Nonetheless, considering the technical aspects, it is crucial to emphasize that Gold is presently in the process of rebalancing the market through the accumulation of liquidity within the range of 1937-1940. As the price nears the 1921 level and subsequently retests the manipulation zone of 1909-1910, it indicates that Gold is likely prepared to capitalize on the liquidity available at the 1H Supply Zone, specifically around its hourly key high near 1937. This situation presents a favorable opportunity for a retracement, aiming to rectify the market imbalances that have developed over recent weeks. Based on our projections, the potential price target is expected to reside within the range of 1937-1940.
Considering these observations, it is paramount to exercise caution and make well-informed trading decisions, while maintaining a vigilant approach to the dynamics of the market.
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL THEN BUY
Undoubtedly, Gold remains subjected to significant selling pressure. Nonetheless, considering the technical aspects, it is crucial to emphasize that Gold is presently in the process of rebalancing the market through the accumulation of liquidity within the range of 1937-1940. As the price nears the 1921 level and subsequently retests the manipulation zone of 1909-1910, it indicates that Gold is likely prepared to capitalize on the liquidity available at the 1H Supply Zone, specifically around its hourly key high near 1937. This situation presents a favorable opportunity for a retracement, aiming to rectify the market imbalances that have developed over recent weeks. Based on our projections, the potential price target is expected to reside within the range of 1937-1940.
Considering these observations, it is paramount to exercise caution and make well-informed trading decisions, while maintaining a vigilant approach to the dynamics of the market.
Trade active
Note
Note
Our gold position, hope you caught it.Note
Note
Our Gold position took profit at 1920, and waiting for more boots up until liquidity collected at 1937 areaNote
Note
We have took our TP2 at 1927! Congratulations, if you have followed us up! Press likes and comments if you have been benefited!Note
We will close our Gold buy trade at 1937-1938 area, press like and comments below if you have been benefited by us. Stay tuned for Gold's next move.Note
Note
Note
Price will retrace back to 1930.2-1930.4 before going down again. You can sell from thereTrade active
Back on game! are you ready to buy?Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.