Market Analysis: Gold (XAU/USD)
Gold is positioned for a bullish move, as the price has successfully passed through the Imbalance Fair Value Gap (IFVG), indicating strong momentum to the upside. The breakout confirms buyer dominance, and the stochastic divergence supports continued bullish pressure.
Current price action suggests a potential rally toward key resistance zones, with 2883.3 acting as the next major target. Look for pullbacks as buying opportunities to maximize entry efficiency.
Stay long on gold as the bullish structure remains intact for further gains.
Gold is positioned for a bullish move, as the price has successfully passed through the Imbalance Fair Value Gap (IFVG), indicating strong momentum to the upside. The breakout confirms buyer dominance, and the stochastic divergence supports continued bullish pressure.
Current price action suggests a potential rally toward key resistance zones, with 2883.3 acting as the next major target. Look for pullbacks as buying opportunities to maximize entry efficiency.
Stay long on gold as the bullish structure remains intact for further gains.
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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.
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.