Gold is still in the upper range of this consolidation zone. You can see the high of the range is 3430, and the low is 3240 roughly.
Bulls:
Gold has cleared the Bearish FVG, only to pull back into a bullish FVG. If the price is bullish, then we should reject the gap with ease. Gold has just confirmed bullish price action. Look for gold to remain above 3330 and create a higher high.
Bears:
So with that said... If Gold fails to remain bullish above 3330, the price may move to a lower liquidity zone, such as 3300. Watch for gold to give a clear sign of rejection before entering a sell
**New Bearish FVG has form. Possible retest area 3370
Bulls:
Gold has cleared the Bearish FVG, only to pull back into a bullish FVG. If the price is bullish, then we should reject the gap with ease. Gold has just confirmed bullish price action. Look for gold to remain above 3330 and create a higher high.
Bears:
So with that said... If Gold fails to remain bullish above 3330, the price may move to a lower liquidity zone, such as 3300. Watch for gold to give a clear sign of rejection before entering a sell
**New Bearish FVG has form. Possible retest area 3370
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Related publications
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.