Price recently broke above the key resistance zone near 1.17350, which has now flipped into a support area (RBS). Currently, the market is retracing and approaching a Fair Value Gap (FVG) and the RBS zone, creating a potential high-probability buy opportunity.
🟡 If price shows bullish reaction from this zone, I expect continuation towards the next key resistance at 1.17595, followed by a potential extended move towards 1.18100.
đź“Ť Zones Highlighted:
FVG (Fair Value Gap) – Watch for bullish reaction
RBS (Resistance Becomes Support) – Potential entry area
Strong Support – Valid higher timeframe support for trend continuation
This setup aligns with market structure shift and liquidity concepts.
đź“Š Timeframe: 1H
đź”” Wait for confirmation before entering. Manage your risk accordingly.
🟡 If price shows bullish reaction from this zone, I expect continuation towards the next key resistance at 1.17595, followed by a potential extended move towards 1.18100.
đź“Ť Zones Highlighted:
FVG (Fair Value Gap) – Watch for bullish reaction
RBS (Resistance Becomes Support) – Potential entry area
Strong Support – Valid higher timeframe support for trend continuation
This setup aligns with market structure shift and liquidity concepts.
đź“Š Timeframe: 1H
đź”” Wait for confirmation before entering. Manage your risk accordingly.
đź’Ľ FX & Gold Market Specialist | Trader & Mentor
âś… Verified TradingView Contributor
đź“Š Focus: XAUUSD | Risk Management | ROI Strategies
đź”— Telegram: t.me/+I3cp4J9F2PU4MmZk
âś… Verified TradingView Contributor
đź“Š Focus: XAUUSD | Risk Management | ROI Strategies
đź”— Telegram: t.me/+I3cp4J9F2PU4MmZk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
đź’Ľ FX & Gold Market Specialist | Trader & Mentor
âś… Verified TradingView Contributor
đź“Š Focus: XAUUSD | Risk Management | ROI Strategies
đź”— Telegram: t.me/+I3cp4J9F2PU4MmZk
âś… Verified TradingView Contributor
đź“Š Focus: XAUUSD | Risk Management | ROI Strategies
đź”— Telegram: t.me/+I3cp4J9F2PU4MmZk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.