Gold continues to coil beneath Tuesday’s high, showing signs of failed bullish follow-through. Price attempted to press higher but couldn’t break out — a sign that sellers may still be in control. We’re still under key resistance at the Daily High, and that unfilled H4 Fair Value Gap below remains a prime draw.
🧠 My outlook:
Expecting price to run back down toward the H4 FVG.
Watching for a potential stop run above Tuesday’s high to clean up the lack of excess shown on the DOM.
Anticipating the cleanest LONG setup might appear during NY session, but a solid entry could develop during Asian or London for a short if we see early signs of rejection.
Key levels and reactions around D-H and the previous day’s high will be crucial. If the market tips its hand early, I’ll be looking to position short with that FVG as my magnet.
Let me know if you're seeing something different. This feels like a setup that rewards patience and precision.
🧠 My outlook:
Expecting price to run back down toward the H4 FVG.
Watching for a potential stop run above Tuesday’s high to clean up the lack of excess shown on the DOM.
Anticipating the cleanest LONG setup might appear during NY session, but a solid entry could develop during Asian or London for a short if we see early signs of rejection.
Key levels and reactions around D-H and the previous day’s high will be crucial. If the market tips its hand early, I’ll be looking to position short with that FVG as my magnet.
Let me know if you're seeing something different. This feels like a setup that rewards patience and precision.
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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.