📈 Gold is currently respecting an ascending trendline, approaching a weak high zone near 3035.
🔹 Break of Structure (BOS) indicates bullish strength
🔹 Change of Character suggests potential shift in momentum
🔹 Resistance Zone: 3035 - 3047 (Possible liquidity grab)
🔹 The Support Zone which is at 3027 Key demand area
📌 Trading Outlook
⚠️ If price fails to break higher and rejects the resistance, a sell-off towards the demand zone is likely.
✅ Confirmation: A break below the trendline could trigger a bearish move.
💡 Watch for market structure shifts and liquidity sweeps before entering a trade!
🔹 Break of Structure (BOS) indicates bullish strength
🔹 Change of Character suggests potential shift in momentum
🔹 Resistance Zone: 3035 - 3047 (Possible liquidity grab)
🔹 The Support Zone which is at 3027 Key demand area
📌 Trading Outlook
⚠️ If price fails to break higher and rejects the resistance, a sell-off towards the demand zone is likely.
✅ Confirmation: A break below the trendline could trigger a bearish move.
💡 Watch for market structure shifts and liquidity sweeps before entering a trade!
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.