Gold has been extremely bullish for a while, consistently breaking to the upside and creating higher highs, accompanied by the formation of demand zones that were later mitigated for continuation.
The last significant move was a reaccumulation (Re-acc) phase, which revisited unmitigated demand zones. From there, we saw a bullish reaction. However, due to low year-end volume, Gold hasn't been able to break its previous high. Since then, it has been ranging in the same area.
Key Observations:
Bullish Volume Returning:
EMA Interaction:
Two Scenarios in Play:
Liquidity Trap:
My Perspective:
I remain optimistic about the bullish scenario, as the overall market context suggests a continuation of the upward trend. This is a critical area to watch, and I will monitor closely for confirmation of the next move.
The last significant move was a reaccumulation (Re-acc) phase, which revisited unmitigated demand zones. From there, we saw a bullish reaction. However, due to low year-end volume, Gold hasn't been able to break its previous high. Since then, it has been ranging in the same area.
Key Observations:
Bullish Volume Returning:
- Recently, bullish volume seems to be picking up, signaling the potential start of the next leg upward.
EMA Interaction:
- Previously, the price was "surfing" along the EMAs, demonstrating a strong trend-following behavior.
- Currently, the EMAs have tightened significantly, which often signals an impending price expansion—a strong indication that volatility and directional movement may resume soon.
Two Scenarios in Play:
- Gold may continue ranging before breaking to the upside.
- The current move may sustain and lead to a new high.
Liquidity Trap:
- The reaccumulation created a cloud of liquidity, with many traders now eyeing potential sell opportunities due to:
- The break to the downside.
- The formation of equal highs, often misinterpreted as bearish. - This could very well be a Smart Money Trap, fueling a bullish move as liquidity is taken.
My Perspective:
I remain optimistic about the bullish scenario, as the overall market context suggests a continuation of the upward trend. This is a critical area to watch, and I will monitor closely for confirmation of the next move.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.