Gold has been in a corrective downtrend after a clear liquidity sweep near the 3440+ highs, followed by a Change of Character (CHoCH) confirming bearish pressure. However, price has now reached a significant demand zone (3310–3325), where early signs of accumulation are appearing.
Potential Scenario:
If price breaks above 3345 with a strong candle close and volume confirmation, we could see a push toward the 3375–3380 zone.
🛎️ Follow for daily price action breakdowns, setups & more!
Potential Scenario:
If price breaks above 3345 with a strong candle close and volume confirmation, we could see a push toward the 3375–3380 zone.
🛎️ Follow for daily price action breakdowns, setups & more!
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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.