Gold continues its second consecutive aggressive bullish move, but the structure is beginning to show signs of a potential correction.
During this rally, highs and liquidity were taken,
and previously unfilled FVG zones from about a month ago have now been filled.
I'm watching for a possible correction toward the discount zone around 3360, where the following are located:
– A daily FVG
– A 4H FVG
– 1H Equal Lows, with clear liquidity resting below
If price sweeps the liquidity below these equal lows and reacts around 3360, I will anticipate a continuation of the bullish trend.
However, if a solid setup forms before that, I may enter a short position targeting 3360, where I’ll be looking to close the trade and potentially position for a reversal.
No entry yet – watching closely and waiting for price confirmation.
During this rally, highs and liquidity were taken,
and previously unfilled FVG zones from about a month ago have now been filled.
I'm watching for a possible correction toward the discount zone around 3360, where the following are located:
– A daily FVG
– A 4H FVG
– 1H Equal Lows, with clear liquidity resting below
If price sweeps the liquidity below these equal lows and reacts around 3360, I will anticipate a continuation of the bullish trend.
However, if a solid setup forms before that, I may enter a short position targeting 3360, where I’ll be looking to close the trade and potentially position for a reversal.
No entry yet – watching closely and waiting for price confirmation.
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.