Gold is showing signs of stabilization after a sharp rejection from the recent highs. Price reacted strongly from the marked reversal area and is now holding above an important support structure near the 4680 zone, indicating buyer presence and possible accumulation.
Current price action suggests a liquidity sweep below support followed by recovery, which often signals weakening bearish momentum. If buyers maintain control and price breaks above the immediate resistance area, bullish continuation toward TP1 and higher resistance targets becomes more likely.
As long as the demand zone remains protected, the overall intraday structure favors a recovery move with potential upside expansion after consolidation.
Current price action suggests a liquidity sweep below support followed by recovery, which often signals weakening bearish momentum. If buyers maintain control and price breaks above the immediate resistance area, bullish continuation toward TP1 and higher resistance targets becomes more likely.
As long as the demand zone remains protected, the overall intraday structure favors a recovery move with potential upside expansion after consolidation.
Transaction en cours
Market respecting levels, potential move incomingTrade fermée: cible de profit atteinte
tp1 hit,Strong momentum in the market
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.