Gold (XAUUSD) Surges to $3000: A Historic Milestone!
Sellers are beginning to challenge gold’s recent rally as it enters the overbought Liquditiy Level.
All metal has shown strong strength over the past week.
On Wednesday, XAU/USD approached the $2,900 mark, coming within 20 points before sellers took advantage of weakening momentum.
While Thursday’s price action leans bearish, the absence of strong follow-through suggests a technical correction rather than a full reversal. Both short-term and long-term momentum remain positive.
Some investors may also be profiting, anticipating potential resistance near the $3,000 level. As a key psychological milestone, this level is expected to increase volatility.
whenever I refer to the displacement higher, I refer to a Fair Value Gap higher.
Disclaimer:
I am not an attorney, accountant, or financial advisor, nor am I holding myself out to be, and the information contained in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
All metal has shown strong strength over the past week.
On Wednesday, XAU/USD approached the $2,900 mark, coming within 20 points before sellers took advantage of weakening momentum.
While Thursday’s price action leans bearish, the absence of strong follow-through suggests a technical correction rather than a full reversal. Both short-term and long-term momentum remain positive.
Some investors may also be profiting, anticipating potential resistance near the $3,000 level. As a key psychological milestone, this level is expected to increase volatility.
whenever I refer to the displacement higher, I refer to a Fair Value Gap higher.
Disclaimer:
I am not an attorney, accountant, or financial advisor, nor am I holding myself out to be, and the information contained in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
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.