Gold Market Update:
The gold market is currently moving upward after previously sweeping the liquidity below the previous day's lows. This liquidity grab typically signals the exhaustion of bearish momentum, and in this case, it appears to have served as a springboard for the current upward movement.
Notably, the bearish PD arrays (Price Delivery Arrays)—which are often indicative of bearish structure and order flow—are currently failing to hold. This failure suggests a weakening of bearish pressure and a possible shift in market sentiment toward bullishness.
At present, the market has invalidated the 4-hour bearish Fair Value Gap (FVG) and successfully closed above it. This is a significant development, as it often implies that the price is rejecting lower levels and building strength to push further upward. In simple terms, the market has absorbed the bearish imbalance and chosen to go higher, showing strong bullish intent.
Given this scenario, it's reasonable to interpret that the market is now aiming for higher levels, specifically toward the previous weekly high—marked on the chart with the line labeled "WH" (Weekly High). The price action suggests that the market is in the mood to test or reach that level in the near term.
However, this is not a guarantee. It's essential to watch the market closely for further confirmation signals before making any trading decisions. Additional confirmations could come from continuation patterns, bullish structure formations, or order flow alignment.
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Reminder:
Always Do Your Own Research (DYOR) before making any financial decisions.
This is not financial advice.
The gold market is currently moving upward after previously sweeping the liquidity below the previous day's lows. This liquidity grab typically signals the exhaustion of bearish momentum, and in this case, it appears to have served as a springboard for the current upward movement.
Notably, the bearish PD arrays (Price Delivery Arrays)—which are often indicative of bearish structure and order flow—are currently failing to hold. This failure suggests a weakening of bearish pressure and a possible shift in market sentiment toward bullishness.
At present, the market has invalidated the 4-hour bearish Fair Value Gap (FVG) and successfully closed above it. This is a significant development, as it often implies that the price is rejecting lower levels and building strength to push further upward. In simple terms, the market has absorbed the bearish imbalance and chosen to go higher, showing strong bullish intent.
Given this scenario, it's reasonable to interpret that the market is now aiming for higher levels, specifically toward the previous weekly high—marked on the chart with the line labeled "WH" (Weekly High). The price action suggests that the market is in the mood to test or reach that level in the near term.
However, this is not a guarantee. It's essential to watch the market closely for further confirmation signals before making any trading decisions. Additional confirmations could come from continuation patterns, bullish structure formations, or order flow alignment.
---
Reminder:
Always Do Your Own Research (DYOR) before making any financial decisions.
This is not financial advice.
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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.
Join My Telegram Channel For Getting Free Signals and Analysis 👇👇
t.me/fxinsighthub7
t.me/fxinsighthub7
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.