📊 Bullish Analysis – GOLD
1. Bearish Zone Mitigation
Price fully mitigated the areas where institutions had pending orders → sweeping liquidity.
2. Change of Character (ChoCh) + BOS
The deep pullback created a ChoCh and later a BOS, confirming bullish continuation.
3. Fake Out + Rejection
A possible fake out around current levels before confirming rejection and resuming the bullish leg.
4. Target 3,767 🎯
Next target is projected at 3,767, aiming to form a new Higher High (HH).
✅ Conclusion: Institutions have completed the reset, and now the outlook favors bullish continuation. GOOD LUCK TRADERS… ;)
1. Bearish Zone Mitigation
Price fully mitigated the areas where institutions had pending orders → sweeping liquidity.
2. Change of Character (ChoCh) + BOS
The deep pullback created a ChoCh and later a BOS, confirming bullish continuation.
3. Fake Out + Rejection
A possible fake out around current levels before confirming rejection and resuming the bullish leg.
4. Target 3,767 🎯
Next target is projected at 3,767, aiming to form a new Higher High (HH).
✅ Conclusion: Institutions have completed the reset, and now the outlook favors bullish continuation. GOOD LUCK TRADERS… ;)
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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.
Related publications
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.