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.
Trade active
Market respecting levels, potential move incomingTrade closed: target reached
tp1 hit,Strong momentum in the market
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.