Gold Market Update:
The gold price has successfully broken above the bearish Falling Volume Gap (FVG) previously identified on the chart. This technical development suggests a potential bullish reversal.
Near-Term Outlook:
The market is expected to retest the $2912-$2915 level, which will provide confirmation for a buy signal. A successful retest and close above this level will prompt a buy recommendation, targeting the all-time high (ATH) liquidity level.
Alternative Scenario:
Conversely, if the gold price closes below the $2912-$2915 level, a bearish outlook will prevail, and investors should prepare for potential downside momentum.
The gold price has successfully broken above the bearish Falling Volume Gap (FVG) previously identified on the chart. This technical development suggests a potential bullish reversal.
Near-Term Outlook:
The market is expected to retest the $2912-$2915 level, which will provide confirmation for a buy signal. A successful retest and close above this level will prompt a buy recommendation, targeting the all-time high (ATH) liquidity level.
Alternative Scenario:
Conversely, if the gold price closes below the $2912-$2915 level, a bearish outlook will prevail, and investors should prepare for potential downside momentum.
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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
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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.