🗣️ Gold is currently trading at $2,362.86, showing a slight increase (+0.27%) from the previous day.
🗣️ Our Old Entries : 1st ENTRY: $2,286.50, 2nd ENTRY: $2,296.20 & 3rd ENTRY: $2,341.70
🗣️ Bearish Order Block (BOB): The area around $2,390.38 to $2,371.94, marked as the 50% Bearish Order Block, indicates a zone where sellers are likely to be active.
🗣️ Fair Value Gap (FVG): There are multiple FVG zones noted on the chart, suggesting areas of price inefficiency that may attract price movement for filling these gaps. At $2,296.20 and $2,286.50, which aligns with the 2nd and 1st ENTRY levels, indicating areas where the price might revisit to fill inefficiencies.
🗣️ Bullish Scenario: If the price breaks and holds above the $2,366 resistance level, it could target the next resistance at $2,425.00. Sustained buying pressure could push it further into the Bearish Order Block zone.
🗣️ Bearish Scenario: If the price fails to hold above $2,366 and retraces, it may find support around the $2,341.70 - 2,343.00
🗣️ Today we have FOMC Member Williams Speaks and the expected result is good for $ and negative for Gold.
🗣️ Our Old Entries : 1st ENTRY: $2,286.50, 2nd ENTRY: $2,296.20 & 3rd ENTRY: $2,341.70
🗣️ Bearish Order Block (BOB): The area around $2,390.38 to $2,371.94, marked as the 50% Bearish Order Block, indicates a zone where sellers are likely to be active.
🗣️ Fair Value Gap (FVG): There are multiple FVG zones noted on the chart, suggesting areas of price inefficiency that may attract price movement for filling these gaps. At $2,296.20 and $2,286.50, which aligns with the 2nd and 1st ENTRY levels, indicating areas where the price might revisit to fill inefficiencies.
🗣️ Bullish Scenario: If the price breaks and holds above the $2,366 resistance level, it could target the next resistance at $2,425.00. Sustained buying pressure could push it further into the Bearish Order Block zone.
🗣️ Bearish Scenario: If the price fails to hold above $2,366 and retraces, it may find support around the $2,341.70 - 2,343.00
🗣️ Today we have FOMC Member Williams Speaks and the expected result is good for $ and negative for Gold.
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