Hello Fellow Traders,
Gold (XAU/USD) is in a tight range since the London session today. Everyone is waiting for the US PPI news (Producer Price Index).
On the chart, we see a small triangle pattern forming. It has equal highs close to the Previous Day High.
My view: Price might do a quick fake breakout up to the ~4640 area to take out sellers (grab their stops), then drop back down to the marked hourly Fair Value Gap (FVG) around the 4600s.
That FVG zone should attract buyers again — expect a strong bounce from there to push higher for the rest of the day.
Overall, I'm still bullish on Gold (it's making new highs near ~$4,630–$4,640 today with strong safe-haven demand). But PPI can bring big moves, so stay careful.
Keep your risk small (tight stops).
Protect your money — don't risk too much!
Follow me for more trade ideas and updates.
Gold (XAU/USD) is in a tight range since the London session today. Everyone is waiting for the US PPI news (Producer Price Index).
On the chart, we see a small triangle pattern forming. It has equal highs close to the Previous Day High.
My view: Price might do a quick fake breakout up to the ~4640 area to take out sellers (grab their stops), then drop back down to the marked hourly Fair Value Gap (FVG) around the 4600s.
That FVG zone should attract buyers again — expect a strong bounce from there to push higher for the rest of the day.
Overall, I'm still bullish on Gold (it's making new highs near ~$4,630–$4,640 today with strong safe-haven demand). But PPI can bring big moves, so stay careful.
Keep your risk small (tight stops).
Protect your money — don't risk too much!
Follow me for more trade ideas and updates.
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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.