Description
> Gold – Long Setup Breakdown
After a clean break to a new Higher High, price pulled back aggressively on volume. A lot of traders will label that red spike as bearish — but let’s unpack what’s really happening.
1. Structure Held
Despite the drop, the move respected the previous demand zone — a classic smart money move to test liquidity before continuation.
2. Volume Spike (Red Candle):
Could be:
A shakeout of late buyers, or
Aggressive shorting that got absorbed just above the key structure.
3. Quick Reclaim + Tight Base:
Price reclaimed the zone fast and started building a tight consolidation just above the reclaimed zone — that’s usually a sign of pre-expansion energy.
4. Buy Stop Cluster Potential:
The current compression hints at stops above being used as fuel for the next impulsive leg.
I'm positioning long here — not because of the breakout, but because of the retest that held above demand with signs of absorption and continuation.
But I want your take:
Is this absorption by smart money or a bull trap?
Would you wait for a second retest, or is this the real deal?
How do you interpret that red volume spike?
Drop your thoughts 👇 Let's build sharper analysis through debate.
> Gold – Long Setup Breakdown
After a clean break to a new Higher High, price pulled back aggressively on volume. A lot of traders will label that red spike as bearish — but let’s unpack what’s really happening.
1. Structure Held
Despite the drop, the move respected the previous demand zone — a classic smart money move to test liquidity before continuation.
2. Volume Spike (Red Candle):
Could be:
A shakeout of late buyers, or
Aggressive shorting that got absorbed just above the key structure.
3. Quick Reclaim + Tight Base:
Price reclaimed the zone fast and started building a tight consolidation just above the reclaimed zone — that’s usually a sign of pre-expansion energy.
4. Buy Stop Cluster Potential:
The current compression hints at stops above being used as fuel for the next impulsive leg.
I'm positioning long here — not because of the breakout, but because of the retest that held above demand with signs of absorption and continuation.
But I want your take:
Is this absorption by smart money or a bull trap?
Would you wait for a second retest, or is this the real deal?
How do you interpret that red volume spike?
Drop your thoughts 👇 Let's build sharper analysis through debate.
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.