Gold (XAUUSD) Analysis
Recently, we’ve seen Gold consistently respecting Fair Value Gaps (FVG). Whenever a bullish FVG forms, price tends to just touch it before moving upward. Similarly, when a bearish FVG appears, the market tends to reject from that point.
Interestingly, we also observed that the market has cleared previously built liquidity right as it tapped the FVG — including both buy-side and sell-side liquidity. Currently, after dropping from a bearish FVG, price is rebounding from a bullish FVG.
From this point, there is potential for an upward move, with a target around $3375. A potential entry zone lies between $3302 and $3280. It's important to watch the market closely and, as always, do your own research (DYOR)!
Recently, we’ve seen Gold consistently respecting Fair Value Gaps (FVG). Whenever a bullish FVG forms, price tends to just touch it before moving upward. Similarly, when a bearish FVG appears, the market tends to reject from that point.
Interestingly, we also observed that the market has cleared previously built liquidity right as it tapped the FVG — including both buy-side and sell-side liquidity. Currently, after dropping from a bearish FVG, price is rebounding from a bullish FVG.
From this point, there is potential for an upward move, with a target around $3375. A potential entry zone lies between $3302 and $3280. It's important to watch the market closely and, as always, do your own research (DYOR)!
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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.
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.