Gold remains in a high-volatility environment, though conditions have slightly calmed compared to last week. Even with reduced leverage across prop firms, price continues to show strong intent.
This week’s structure so far:
Monday: Strong displacement down, creating what appears to be the weekly low
Tuesday: Sideways consolidation with gradual price appreciation
Wednesday (Asia): Holding above weekly open and value, suggesting continued bullish intent
Despite aggressive swings, price has respected higher-timeframe levels and is now trading above key weekly references. As long as price continues to hold above the weekly open and does not re-enter Monday’s low structure, I favor continuation higher through the remainder of the week.
I’m not chasing momentum here — I’m watching for pullbacks into value during active sessions to confirm continuation.
Volatility is still elevated. Patience and location remain critical.
This week’s structure so far:
Monday: Strong displacement down, creating what appears to be the weekly low
Tuesday: Sideways consolidation with gradual price appreciation
Wednesday (Asia): Holding above weekly open and value, suggesting continued bullish intent
Despite aggressive swings, price has respected higher-timeframe levels and is now trading above key weekly references. As long as price continues to hold above the weekly open and does not re-enter Monday’s low structure, I favor continuation higher through the remainder of the week.
I’m not chasing momentum here — I’m watching for pullbacks into value during active sessions to confirm continuation.
Volatility is still elevated. Patience and location remain critical.
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Похожие публикации
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.