🔍 Analysis Overview:
We’re currently observing a textbook Wyckoff Accumulation on the 2H chart of Gold (XAU/USD), followed by a Sign of Strength (SOS) and a potential Last Point of Support (LPS) which confirms bullish intent by Smart Money.
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📈 Key Levels:
Spring: Confirmed at 3295.994 (June 9, 06:30) — strong liquidity sweep followed by immediate reversal.
LPS: Forming in the current consolidation above broken structure (around 3350–3370 zone).
Target: 3400.501, aligning with previous structural high and potential resistance.
Projected Move: ~3.17% upside in approx. 3.5 days.
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📊 Wyckoff Logic in Play:
1. Phase C (Spring): Shakeout below previous support grabs liquidity.
2. Phase D (SOS): Sharp bullish impulse with wide candles and increased momentum.
3. LPS: Price revisits broken resistance as support, showing compression and tight consolidation — a classic entry zone for Smart Money.
4. Phase E: Expected bullish continuation toward 3400+ as demand outweighs supply.
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🔧 Strategy:
Entry Zone: Between 3360–3370 during current LPS phase.
Stop Loss: Below recent LPS structure ~3346.
Target: 3400–3415 zone short-term.
Risk/Reward: Favorable setup backed by structure, volume behavior (Heikin Ashi), and Wyckoff sequence.
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🧠 Final Thoughts:
If price respects this bullish structure, we are likely transitioning from accumulation into a sustainable uptrend. Watch for volume confirmation and breakout strength on approach to 3400.
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📌 Note: Always manage your risk and consider macro factors (US CPI, Fed decisions) influencing gold this week.
We’re currently observing a textbook Wyckoff Accumulation on the 2H chart of Gold (XAU/USD), followed by a Sign of Strength (SOS) and a potential Last Point of Support (LPS) which confirms bullish intent by Smart Money.
---
📈 Key Levels:
Spring: Confirmed at 3295.994 (June 9, 06:30) — strong liquidity sweep followed by immediate reversal.
LPS: Forming in the current consolidation above broken structure (around 3350–3370 zone).
Target: 3400.501, aligning with previous structural high and potential resistance.
Projected Move: ~3.17% upside in approx. 3.5 days.
---
📊 Wyckoff Logic in Play:
1. Phase C (Spring): Shakeout below previous support grabs liquidity.
2. Phase D (SOS): Sharp bullish impulse with wide candles and increased momentum.
3. LPS: Price revisits broken resistance as support, showing compression and tight consolidation — a classic entry zone for Smart Money.
4. Phase E: Expected bullish continuation toward 3400+ as demand outweighs supply.
---
🔧 Strategy:
Entry Zone: Between 3360–3370 during current LPS phase.
Stop Loss: Below recent LPS structure ~3346.
Target: 3400–3415 zone short-term.
Risk/Reward: Favorable setup backed by structure, volume behavior (Heikin Ashi), and Wyckoff sequence.
---
🧠 Final Thoughts:
If price respects this bullish structure, we are likely transitioning from accumulation into a sustainable uptrend. Watch for volume confirmation and breakout strength on approach to 3400.
---
📌 Note: Always manage your risk and consider macro factors (US CPI, Fed decisions) influencing gold this week.
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.
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.