Gold still looks constructive here after respecting the bullish structure and reacting perfectly from the demand zone around 4700.
Price is currently consolidating above local support while maintaining higher lows, showing that buyers are still defending the move aggressively. The main objective now remains the buyside liquidity resting near 4760, which aligns with the previous highs and a clear liquidity target.
As long as price holds above the 4695–4700 area, the bullish scenario stays valid.
A clean continuation could trigger an expansion toward the first target around 4735 before attacking the highs.
The current price action looks like accumulation before another leg higher, especially with momentum slowly rebuilding after the retracement.
Patience now.
Liquidity first. Expansion after.
Price is currently consolidating above local support while maintaining higher lows, showing that buyers are still defending the move aggressively. The main objective now remains the buyside liquidity resting near 4760, which aligns with the previous highs and a clear liquidity target.
As long as price holds above the 4695–4700 area, the bullish scenario stays valid.
A clean continuation could trigger an expansion toward the first target around 4735 before attacking the highs.
The current price action looks like accumulation before another leg higher, especially with momentum slowly rebuilding after the retracement.
Patience now.
Liquidity first. Expansion after.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.