Gold still looks constructive here after respecting the bullish structure and reacting perfectly from the demand zone around 4700.
Price is currently consolidating above local support while maintaining higher lows, showing that buyers are still defending the move aggressively. The main objective now remains the buyside liquidity resting near 4760, which aligns with the previous highs and a clear liquidity target.
As long as price holds above the 4695–4700 area, the bullish scenario stays valid.
A clean continuation could trigger an expansion toward the first target around 4735 before attacking the highs.
The current price action looks like accumulation before another leg higher, especially with momentum slowly rebuilding after the retracement.
Patience now.
Liquidity first. Expansion after.
Price is currently consolidating above local support while maintaining higher lows, showing that buyers are still defending the move aggressively. The main objective now remains the buyside liquidity resting near 4760, which aligns with the previous highs and a clear liquidity target.
As long as price holds above the 4695–4700 area, the bullish scenario stays valid.
A clean continuation could trigger an expansion toward the first target around 4735 before attacking the highs.
The current price action looks like accumulation before another leg higher, especially with momentum slowly rebuilding after the retracement.
Patience now.
Liquidity first. Expansion after.
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✅Free Telegram Channel: t.me/+o8TEYAYZ1ZljNzZk
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.