Gold has just printed new all-time highs, but I’m approaching with caution. At these levels, everyone long is in profit — leaving no trapped buyers above and only liquidity for smart money to grab.
We kicked off the session with an impulsive spike higher, but this may have been a stop run and liquidity sweep rather than the start of another leg up. If price struggles to hold above that spike or fails on a re-test, we could see sellers step in, targeting the 4H FVG zone below.
For now, I’m watching:
A possible revisit of yesterday’s high to “fix” lack of excess on the DOM
London session reaction to today’s spike high
Potential short setups if buy-side momentum stalls
NY session might deliver the day’s best move, but we could see early opportunities in the Asian and London sessions if price confirms a shift in order flow.
What do you think? Is this a blow-off top in the making, or do buyers have one more push?
We kicked off the session with an impulsive spike higher, but this may have been a stop run and liquidity sweep rather than the start of another leg up. If price struggles to hold above that spike or fails on a re-test, we could see sellers step in, targeting the 4H FVG zone below.
For now, I’m watching:
A possible revisit of yesterday’s high to “fix” lack of excess on the DOM
London session reaction to today’s spike high
Potential short setups if buy-side momentum stalls
NY session might deliver the day’s best move, but we could see early opportunities in the Asian and London sessions if price confirms a shift in order flow.
What do you think? Is this a blow-off top in the making, or do buyers have one more push?
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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.