On the daily chart, gold remains in a transitional phase following a period of consolidation, with sellers holding local control. Last week, price moved below the lower boundary of the range. The main traded volume was concentrated between 4,215 and 4,080.
At the beginning of this week, buyers attempted to push price back into the range but failed to break above 4,363.720. Sellers then regained control and moved price back below the range boundary.
The key point is the volume distribution. Price has returned to the 4,215–4,080 area, but comparable volume has not yet developed there this week. This does not confirm price acceptance from the buyers. However, Friday was a shortened US trading session, so Monday and Tuesday may provide a clearer picture.
For a long scenario, price should avoid acceptance below 4,068 and begin building volume inside last week’s volume cluster. A conservative long setup would make more sense only after price holds above 4,382.615. For now, there is no clear basis for buying.
Profitable trades!
This analysis is based on the Initiative Analysis (IA) method.
At the beginning of this week, buyers attempted to push price back into the range but failed to break above 4,363.720. Sellers then regained control and moved price back below the range boundary.
The key point is the volume distribution. Price has returned to the 4,215–4,080 area, but comparable volume has not yet developed there this week. This does not confirm price acceptance from the buyers. However, Friday was a shortened US trading session, so Monday and Tuesday may provide a clearer picture.
For a long scenario, price should avoid acceptance below 4,068 and begin building volume inside last week’s volume cluster. A conservative long setup would make more sense only after price holds above 4,382.615. For now, there is no clear basis for buying.
Profitable trades!
This analysis is based on the Initiative Analysis (IA) method.
Clarity on the Chart. Smart Trading Decisions
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Clarity on the Chart. Smart Trading Decisions
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.