Gold has transitioned from a strong impulsive decline into a structured recovery phase on the 4H timeframe. The recent price action shows a clear shift in momentum, with buyers stepping in after the sharp sell-off and gradually reclaiming control.
The move higher is developing in a controlled manner, suggesting accumulation rather than exhaustion. Price is currently forming a short-term corrective structure after the initial push, indicating a pause before the next potential leg higher.
This type of price behaviour typically reflects a continuation setup, where the market builds liquidity before expanding in the direction of the emerging trend. The projected path highlights a possible dip followed by a stronger bullish push, aligning with the evolving structure.
As long as momentum remains supported through these higher lows, the outlook favors further upside expansion once the current consolidation completes.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
The move higher is developing in a controlled manner, suggesting accumulation rather than exhaustion. Price is currently forming a short-term corrective structure after the initial push, indicating a pause before the next potential leg higher.
This type of price behaviour typically reflects a continuation setup, where the market builds liquidity before expanding in the direction of the emerging trend. The projected path highlights a possible dip followed by a stronger bullish push, aligning with the evolving structure.
As long as momentum remains supported through these higher lows, the outlook favors further upside expansion once the current consolidation completes.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
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Learn how to trade correctly with We Trade Waves. Wave analysis, psychology & mentorship that works! 🌍 45K+ YouTube subs, 600+ 5⭐ reviews
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Join WTW Pro Now 👉 wetradewaves.com
WTW Team
Don’t waste more time and money
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.