Gold is reacting from the 4,510 – 4,526 support zone after a strong bearish move. The recent low shows a possible liquidity sweep, but the recovery is not fully confirmed yet.
The bullish scenario remains valid if price holds above 4,510 and breaks through 4,540 – 4,550. A clean breakout could open the way towards 4,580 – 4,590, where price may retest the broken trendline area.
If momentum continues above that zone, the next target is around 4,619 – 4,620.
🧠 Sphyn View
I am leaning towards a short-term recovery after the liquidity sweep, but I do not see this as a strong bullish reversal yet. Price needs to reclaim 4,540 – 4,550 first. If Gold fails below this area and loses 4,510, the bullish setup becomes weak and the market could sweep lower towards 4,500 – 4,490.
The bullish scenario remains valid if price holds above 4,510 and breaks through 4,540 – 4,550. A clean breakout could open the way towards 4,580 – 4,590, where price may retest the broken trendline area.
If momentum continues above that zone, the next target is around 4,619 – 4,620.
🧠 Sphyn View
I am leaning towards a short-term recovery after the liquidity sweep, but I do not see this as a strong bullish reversal yet. Price needs to reclaim 4,540 – 4,550 first. If Gold fails below this area and loses 4,510, the bullish setup becomes weak and the market could sweep lower towards 4,500 – 4,490.
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Telegram: t.me/sphyntrading
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🔰 Free signals (85% winrate)
🔰 Free knowledge
🔰 Update news continuously!
Telegram: t.me/sphyntrading
🔰 Free knowledge
🔰 Update news continuously!
Telegram: t.me/sphyntrading
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.