1. Vertical Bullish Rally
Price exploded upward from 23,251 to 23,705 with strong bullish momentum and no meaningful retracement, indicating a short-term overbought scenario.
2. Fresh Supply at 23,705
The current candle shows hesitation just below 23,705.88 — forming a possible short-term top or reaction zone where sellers might step in.
3. Imbalance Zone Below
A visible Fair Value Gap (FVG) is left between 23,572–23,600 and the yellow highlighted demand zone (23,411) is untested. Price may revisit to fill that imbalance.
4. Projection: Pullback Possible
If price fails to break and hold above 23,705, we may see a pullback toward 23,600 → 23,411 before the next move.
5. Key Levels
Resistance: 23,705 → 23,992 → 24,278
Support: 23,572 → 23,411 → 23,251
Structure remains bullish unless 23,411 breaks.
Price exploded upward from 23,251 to 23,705 with strong bullish momentum and no meaningful retracement, indicating a short-term overbought scenario.
2. Fresh Supply at 23,705
The current candle shows hesitation just below 23,705.88 — forming a possible short-term top or reaction zone where sellers might step in.
3. Imbalance Zone Below
A visible Fair Value Gap (FVG) is left between 23,572–23,600 and the yellow highlighted demand zone (23,411) is untested. Price may revisit to fill that imbalance.
4. Projection: Pullback Possible
If price fails to break and hold above 23,705, we may see a pullback toward 23,600 → 23,411 before the next move.
5. Key Levels
Resistance: 23,705 → 23,992 → 24,278
Support: 23,572 → 23,411 → 23,251
Structure remains bullish unless 23,411 breaks.
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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.
Here is my Telegram channel user name you can Join for Free Analysis and signals t.me/XAUTraderSidS
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.