Gold on H2 continues to respect a clear impulsive structure after completing wave (2) and expanding strongly into wave (3). The recent pullback appears corrective rather than distributive.
At the moment, price is rotating around the 5,170 area while holding above the 1.0 retracement of the last expansion leg.
📊 Technical Structure (H2)
Market Context
Strong bullish impulsive leg from 5,090 → 5,240
Structure: Higher highs & higher lows intact
Current move = controlled retracement, not breakdown
Key Observations
FVG sitting around 5,118 (imbalance zone)
1.618 extension near 5,231 already tapped
2.618 expansion projected near 5,395 (wave 5 target zone)
Momentum remains constructive unless 5,118 is decisively broken.
🔎 Key Reaction Zones
Demand / FVG Zone: 5,118 – 5,130
Short-term Support Pivot: 5,160 area
Continuation Trigger: Reclaim & hold above 5,200
Expansion Target (Wave 5 projection): 5,390 – 5,400
🧠 If–Then Scenarios
Bullish Continuation Scenario (Primary)
If price holds above the FVG (5,118) and forms higher low confirmation →
Expect continuation toward 5,231 → 5,300 → 5,390 zone.
Deeper Retracement Scenario (Secondary)
If 5,118 breaks with displacement →
Next liquidity sweep could extend toward 5,090 before any structural recovery.
At this stage, structure favors continuation unless demand fails.
📌 Market Insight
This looks more like a liquidity refill inside an impulse, not distribution.
Patience around imbalance zones may offer better positioning than chasing highs.
Gold remains technically constructive on H2 while above 5,118.
What’s your bias here — continuation into wave (5) or deeper correction first?
Let’s discuss structure 👇
At the moment, price is rotating around the 5,170 area while holding above the 1.0 retracement of the last expansion leg.
📊 Technical Structure (H2)
Market Context
Strong bullish impulsive leg from 5,090 → 5,240
Structure: Higher highs & higher lows intact
Current move = controlled retracement, not breakdown
Key Observations
FVG sitting around 5,118 (imbalance zone)
1.618 extension near 5,231 already tapped
2.618 expansion projected near 5,395 (wave 5 target zone)
Momentum remains constructive unless 5,118 is decisively broken.
🔎 Key Reaction Zones
Demand / FVG Zone: 5,118 – 5,130
Short-term Support Pivot: 5,160 area
Continuation Trigger: Reclaim & hold above 5,200
Expansion Target (Wave 5 projection): 5,390 – 5,400
🧠 If–Then Scenarios
Bullish Continuation Scenario (Primary)
If price holds above the FVG (5,118) and forms higher low confirmation →
Expect continuation toward 5,231 → 5,300 → 5,390 zone.
Deeper Retracement Scenario (Secondary)
If 5,118 breaks with displacement →
Next liquidity sweep could extend toward 5,090 before any structural recovery.
At this stage, structure favors continuation unless demand fails.
📌 Market Insight
This looks more like a liquidity refill inside an impulse, not distribution.
Patience around imbalance zones may offer better positioning than chasing highs.
Gold remains technically constructive on H2 while above 5,118.
What’s your bias here — continuation into wave (5) or deeper correction first?
Let’s discuss structure 👇
การซื้อขายยังคงดำเนินอยู่
GOLD RUN- GOOD LUCK GUY!
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน