By analyzing the gold chart on the 30-minute timeframe, we can see that, as expected, the price began rising from the $3310 zone yesterday and reached $3330, delivering a 200-pip gain.
After that, selling pressure took over, and gold is now trading around $3277. Given the current market structure and today's important news events, I expect high volatility in both bullish and bearish directions.
One of the key liquidity pools likely to be targeted today lies below $3259, and before any potential drop, we may see the liquidity gap between $3288 and $3303 being filled.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
After that, selling pressure took over, and gold is now trading around $3277. Given the current market structure and today's important news events, I expect high volatility in both bullish and bearish directions.
One of the key liquidity pools likely to be targeted today lies below $3259, and before any potential drop, we may see the liquidity gap between $3288 and $3303 being filled.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade active
📊 Just as expected, the liquidity gap between $3288 and $3303 has been filled! What do you think comes next for gold? Trade closed: target reached
By analyzing the gold chart on the 1-hour timeframe, we can see that, once again, as expected, the price first filled the liquidity gap between $3288 and $3303, and then dropped sharply, correcting all the way down to $3202 — nearly a 1000-pip drop in one day! Currently, gold is trading around $3227. If it stabilizes below $3236, we can expect further downside. However, if it manages to break above the $3236 resistance, a bullish move toward $3307 may follow.
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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 me for more Free Signals and New Analyzes In the Public Channel :
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
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.