📊 Bullish Analysis – GOLD 15M
🔑 Technical Context
1. Support Zone Exhausted
Price respected the support base and then broke upwards with strength, showing institutional buyers defended the area.
2. BOS (Break of Structure)
The break of the previous bearish structure confirmed the start of bullish momentum.
3. ChoCh (Change of Character)
A clear ChoCh confirmed the shift in direction, validating the intention to reach new highs.
4. Fake Out & Rejection
After distribution, a fake out cleaned liquidity before projecting higher. The rejection zone is the key confirmation for the entry.
🎯 Projection
• Entry: At the rejection after the fake out.
• Target (TP): 3,830 – aiming for new highs (HH).
• Stop Loss (SL): Below support zone to protect invalidation.
📌 Conclusion
Market has consolidated, grabbed liquidity, and is ready to continue bullish momentum towards 3,830. Waiting for confirmation at rejection is key for high-probability setups.
GOOD LUCK TRADERS…. ;)
🔑 Technical Context
1. Support Zone Exhausted
Price respected the support base and then broke upwards with strength, showing institutional buyers defended the area.
2. BOS (Break of Structure)
The break of the previous bearish structure confirmed the start of bullish momentum.
3. ChoCh (Change of Character)
A clear ChoCh confirmed the shift in direction, validating the intention to reach new highs.
4. Fake Out & Rejection
After distribution, a fake out cleaned liquidity before projecting higher. The rejection zone is the key confirmation for the entry.
🎯 Projection
• Entry: At the rejection after the fake out.
• Target (TP): 3,830 – aiming for new highs (HH).
• Stop Loss (SL): Below support zone to protect invalidation.
📌 Conclusion
Market has consolidated, grabbed liquidity, and is ready to continue bullish momentum towards 3,830. Waiting for confirmation at rejection is key for high-probability setups.
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.