Gold has been trending bullish for a while now, showing strong momentum in the higher timeframes. 📈
Recently, we entered a reaccumulation phase, a much-needed retracement to gather liquidity before pushing even higher. This phase aligned with a daily retracement, allowing smart money to reload positions.
From my perspective, the reaccumulation phase has come to an end, and Gold is now ready to send. 🚀
📊 Current Key Observations:
✅ Higher timeframes remain bullish
✅ Reaccumulation phase seems complete
✅ Structure suggests continuation
This could be the next leg up. Keep an eye on key levels!
What are your thoughts on Gold? Are you positioning long? Let’s discuss in the comments!
#Gold #XAUUSD #Trading #WiseOwl #Forex #BullishMomentum
Recently, we entered a reaccumulation phase, a much-needed retracement to gather liquidity before pushing even higher. This phase aligned with a daily retracement, allowing smart money to reload positions.
From my perspective, the reaccumulation phase has come to an end, and Gold is now ready to send. 🚀
📊 Current Key Observations:
✅ Higher timeframes remain bullish
✅ Reaccumulation phase seems complete
✅ Structure suggests continuation
This could be the next leg up. Keep an eye on key levels!
What are your thoughts on Gold? Are you positioning long? Let’s discuss in the comments!
#Gold #XAUUSD #Trading #WiseOwl #Forex #BullishMomentum
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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.
🌟 Join our trading community for insights, strategies, and market updates! 🚀 discord.gg/eWPngqQsZS 🌐
Related publications
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.