Gold is consolidating near the resistance zone, forming a weak high 📉, indicating a possible liquidity grab before reversal. The price is expected to move up slightly towards the OB at 2995 before facing resistance and dropping ⬇️.
🔹If the price breaks above 2998 than it could move up till the previous high
🔹 If the price faces rejection from OB than it could go downward till 2983
While market is moving in range we wait for the either side breakout confirmation before entering
🔹If the price breaks above 2998 than it could move up till the previous high
🔹 If the price faces rejection from OB than it could go downward till 2983
While market is moving in range we wait for the either side breakout confirmation before entering
Trade active
Gold has tapped into the Bearish OB at 2983 and is now showing signs of bullish momentum. The weak high acted as a liquidity grab, and price is reacting positively from the demand zone.Trade Setup:
🔹 Entry: Near 2982
🔹 Target: 3000, potential move towards previous high
📌 Market is still in a range, so we watch for a breakout confirmation for further upside.
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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.
🗣Daily forex updates 🇺🇲🌎🗣Fundamentals and Technical experts🗣GBP specialists & Gold🗣weekly 1500-2000pips🗣chart patterns 👍 t.me/ApexBullGold
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.