Gold is attempting a recovery after sweeping recent lows, now trading near the Value Area Low (VAL) and rebounding off a Recent Broken Resistance zone. The structure still favors the bears unless key zones are flipped.
🔎 Scenario Map:
Bull Trap Possibility: Price may rally into the POC/Value Area High (VAH) around 3295–3314, tagging PDH.
Sell Setup Ideal Zone: If price reacts and rejects near 3310–3325 supply, watch for reversal signals.
Continuation Confirmation: A clean break below 3280 and retest will target PDL and 3245, resuming bearish flow.
📌 Key Levels:
– PDH: 3325
– POC/POI: 3295–3314
– PDL: 3245
– Bullish invalidation: Break and hold above 3325
– Bearish confirmation: Breakdown below 3280
⚠️ Volume Profile Bias:
Heavy interest near 3290s – possible inducement before sell-off. If liquidity is engineered there, reversal is more likely than a breakout.
💬 Faith Driven Outlook:
We’re still not convinced this rally is sustainable. If NY session fails to push through the imbalance zone, prepare for continuation lower.
🔎 Scenario Map:
Bull Trap Possibility: Price may rally into the POC/Value Area High (VAH) around 3295–3314, tagging PDH.
Sell Setup Ideal Zone: If price reacts and rejects near 3310–3325 supply, watch for reversal signals.
Continuation Confirmation: A clean break below 3280 and retest will target PDL and 3245, resuming bearish flow.
📌 Key Levels:
– PDH: 3325
– POC/POI: 3295–3314
– PDL: 3245
– Bullish invalidation: Break and hold above 3325
– Bearish confirmation: Breakdown below 3280
⚠️ Volume Profile Bias:
Heavy interest near 3290s – possible inducement before sell-off. If liquidity is engineered there, reversal is more likely than a breakout.
💬 Faith Driven Outlook:
We’re still not convinced this rally is sustainable. If NY session fails to push through the imbalance zone, prepare for continuation lower.
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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.