XAUUSD Holds Momentum While 2900 Faces Rejection
Market Overview
Key Observations
Next Steps
How do you use market rhythms like consolidation, expansion, and retracement to improve execution?
#XAUUSD #Gold #TradingView #MarketAnalysis
Market Overview
- Price continued higher but rejected 2900, leaving a long wick.
- Key re-entry zones:
- 2870-2880 POI (aligned with last week’s Thursday high and open).
- Tuesday’s low, which holds liquidity for potential continuation.
Key Observations
- Rejection at 2900: Selling pressure present, but no major breakdown.
- POI at 2870-2880: A key liquidity area for long re-entries.
- 4H structure remains intact, showing a consolidation → expansion → retracement cycle.
Next Steps
- Manage longs while price holds structure.
- Look for re-entries at 2870-2880 if price retraces.
- Expect continuation if support holds at POIs.
How do you use market rhythms like consolidation, expansion, and retracement to improve execution?
#XAUUSD #Gold #TradingView #MarketAnalysis
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.
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.