📊 Bullish Analysis – GOLD 15M
🔑 Key Points
1. Initial Distribution
Market created distribution, clearing liquidity before the bullish impulse.
2. ChoCh + BOS (Break of Structure)
The ChoCh confirmed a shift in character, while the BOS validated the bullish direction.
3. Break of Resistance Zone
Price broke the previous resistance, showing strong institutional buying pressure.
4. Fake Out + Rejection
After the breakout, we expect a fake out to grab liquidity, followed by a rejection zone entry before continuation upward.
🎯 Projection
• Entry: On the rejection after the fake out.
• Target (TP): 3,860 – aiming for the next distribution zone.
• Stop Loss (SL): Below the support zone to protect against invalidation.
📌 Conclusion
Gold continues to show strong bullish momentum, with clear intention to reach new highs (HH) around 3,860. Waiting for rejection confirmation after the fake out is key to a high-probability setup. GOOD LUCK TRADERS… ;)
🔑 Key Points
1. Initial Distribution
Market created distribution, clearing liquidity before the bullish impulse.
2. ChoCh + BOS (Break of Structure)
The ChoCh confirmed a shift in character, while the BOS validated the bullish direction.
3. Break of Resistance Zone
Price broke the previous resistance, showing strong institutional buying pressure.
4. Fake Out + Rejection
After the breakout, we expect a fake out to grab liquidity, followed by a rejection zone entry before continuation upward.
🎯 Projection
• Entry: On the rejection after the fake out.
• Target (TP): 3,860 – aiming for the next distribution zone.
• Stop Loss (SL): Below the support zone to protect against invalidation.
📌 Conclusion
Gold continues to show strong bullish momentum, with clear intention to reach new highs (HH) around 3,860. Waiting for rejection confirmation after the fake out is key to a high-probability setup. 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.