1. Market Structure & Bear Trap
Gold recently trapped sellers by briefly breaking below a key support (previous supply zone turned support).
This move acted as a fakeout, luring in short positions before price dropped into its true bullish reaccumulation zone (BULL OTE).
Such manipulation is typical at the end of retracements, the market seeks liquidity before resuming the main trend.
📈 2. Bullish Momentum Resumes
Since tapping into the BULL OTE, price has shown a structured bullish recovery :
Re-entry into the previous range
Creation and internal mitigation of multiple Fair Value Gaps (FVGs)
Clean, controlled pullbacks during the climb
This suggests a healthy and organized bullish structure, rather than a random bounce.
🎯 3. Short-Term Targets
Revisit the $3,280-$3,300 area (previous liquidity left untapped)
If broken with volume, Gold could push toward $3,350+ and potentially retest highs
✅ Conclusion
Gold appears to have executed a classic stop-hunt below support, only to reclaim structure and resume its uptrend.
As long as price holds above $3,180 and continues forming internal bullish structure, the bias remains bullish with high probability of continuation toward previous highs.
🟦 This is a textbook example of engineered liquidity grab followed by expansion.
Gold recently trapped sellers by briefly breaking below a key support (previous supply zone turned support).
This move acted as a fakeout, luring in short positions before price dropped into its true bullish reaccumulation zone (BULL OTE).
Such manipulation is typical at the end of retracements, the market seeks liquidity before resuming the main trend.
📈 2. Bullish Momentum Resumes
Since tapping into the BULL OTE, price has shown a structured bullish recovery :
Re-entry into the previous range
Creation and internal mitigation of multiple Fair Value Gaps (FVGs)
Clean, controlled pullbacks during the climb
This suggests a healthy and organized bullish structure, rather than a random bounce.
🎯 3. Short-Term Targets
Revisit the $3,280-$3,300 area (previous liquidity left untapped)
If broken with volume, Gold could push toward $3,350+ and potentially retest highs
✅ Conclusion
Gold appears to have executed a classic stop-hunt below support, only to reclaim structure and resume its uptrend.
As long as price holds above $3,180 and continues forming internal bullish structure, the bias remains bullish with high probability of continuation toward previous highs.
🟦 This is a textbook example of engineered liquidity grab followed by expansion.
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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.
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.