Following yesterday’s published analysis, which successfully hit target profit (TP) before entering consolidation, the gold chart has now mapped out a different scenario. What initially appeared to be a quick liquidity sweep has revealed itself to be part of a broader structural pattern. While this structure was still forming yesterday, today’s price action makes it clearer.
Gold is currently preparing for another retest of the breakout point. After last week’s strong bullish momentum, the market has entered a correctional phase, with bears temporarily taking control. This does not imply that gold is bearish in the long term; however, as long as the correction continues, we should expect to see more red candles than green.
To provide further context, I will share a link to one of my previous analyses where I highlighted the shift in market structure from bearish to bullish. What is unfolding now is a Break of Market Structure (BMS) retest, which typically precedes the re‑entry of bullish momentum.
This reinforces the principle that gold consistently respects patterns and market structure. Chart formations and candlestick behavior remain vital tools for navigating these trading conditions.
Gold is currently preparing for another retest of the breakout point. After last week’s strong bullish momentum, the market has entered a correctional phase, with bears temporarily taking control. This does not imply that gold is bearish in the long term; however, as long as the correction continues, we should expect to see more red candles than green.
To provide further context, I will share a link to one of my previous analyses where I highlighted the shift in market structure from bearish to bullish. What is unfolding now is a Break of Market Structure (BMS) retest, which typically precedes the re‑entry of bullish momentum.
This reinforces the principle that gold consistently respects patterns and market structure. Chart formations and candlestick behavior remain vital tools for navigating these trading conditions.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.