Gold continues to show a strong bullish structure after a clear BOS (Break of Structure) and a sharp upward move. Price has reclaimed the Ichimoku Cloud and is currently consolidating below the key resistance zone near 4365, suggesting accumulation before another potential rally.
The existing Fair Value Gap (FVG) remains an important demand zone and may offer support if a short-term correction occurs. As long as price remains above the cloud and recent higher lows, the bullish outlook stays intact.
A decisive breakout above the range high could push price towards 4400–4425, while any retracement into support may present fresh buying opportunities.
Bias: Bullish 📈
The existing Fair Value Gap (FVG) remains an important demand zone and may offer support if a short-term correction occurs. As long as price remains above the cloud and recent higher lows, the bullish outlook stays intact.
A decisive breakout above the range high could push price towards 4400–4425, while any retracement into support may present fresh buying opportunities.
Bias: Bullish 📈
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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.
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.