Gold Idea after strong movement
The 0.5 level at $2,639.325 typically acts as a strong support zone where the price could reverse.
The green box highlights a Fair Value Gap on the 1-hour chart, which may act as a liquidity area where the price could retrace to fill the gap. This zone is a potential retracement target and could serve as a support zone where buyers might step in.
đź”» Short Gold at this level:
- Target 1: 2644
- Target 2: 2640
- Target 3: 2635.55"
The green box highlights a Fair Value Gap on the 1-hour chart, which may act as a liquidity area where the price could retrace to fill the gap. This zone is a potential retracement target and could serve as a support zone where buyers might step in.
đź”» Short Gold at this level:
- Target 1: 2644
- Target 2: 2640
- Target 3: 2635.55"
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