Gold followed the previous bearish scenario, with price continuing lower as expected.
However, the current structure brings a key question: continuation or fake breakdown?
On the weekly timeframe, early signs of a potential bearish shift are forming, but still not reliable enough to confirm a macro reversal.
On the daily timeframe, price swept liquidity below the 4644.15 low. The minor bullish structure is now invalidated, and the market is losing upside momentum. However, a full bearish structure is not yet confirmed, and yesterday’s move could still be a liquidity grab (fake break) before a potential reversal.
On the 4H timeframe, both major and minor structures are clearly bearish, with potential continuation toward the 4668.7 low.
On the 1H timeframe, the structure remains bearish. A minor bullish correction has formed, and continuation depends on lower timeframe confirmations.
The 15-minute timeframe, acting as the trigger, is currently in a minor bullish phase due to the 1H correction. A break below 4692.48 would shift structure back to bearish and activate continuation scenarios.
Overall, the market leans bearish, but confirmation is still required. The key is whether this move is true continuation or a liquidity trap.
What do you think? Continuation lower or reversal from here?
Waiting for confirmation. Manage your risk.
What do you think? Continuation lower or reversal from here?
However, the current structure brings a key question: continuation or fake breakdown?
On the weekly timeframe, early signs of a potential bearish shift are forming, but still not reliable enough to confirm a macro reversal.
On the daily timeframe, price swept liquidity below the 4644.15 low. The minor bullish structure is now invalidated, and the market is losing upside momentum. However, a full bearish structure is not yet confirmed, and yesterday’s move could still be a liquidity grab (fake break) before a potential reversal.
On the 4H timeframe, both major and minor structures are clearly bearish, with potential continuation toward the 4668.7 low.
On the 1H timeframe, the structure remains bearish. A minor bullish correction has formed, and continuation depends on lower timeframe confirmations.
The 15-minute timeframe, acting as the trigger, is currently in a minor bullish phase due to the 1H correction. A break below 4692.48 would shift structure back to bearish and activate continuation scenarios.
Overall, the market leans bearish, but confirmation is still required. The key is whether this move is true continuation or a liquidity trap.
What do you think? Continuation lower or reversal from here?
Waiting for confirmation. Manage your risk.
What do you think? Continuation lower or reversal from here?
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.
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.