Gold Market Analysis – Bullish Momentum Building
Gold has recently broken through a significant call option (CE) resistance level, signaling heightened bullish aggression among market participants. This breakout suggests that buyers are currently in control, pushing prices decisively above the CE threshold.
At this point, the market has successfully tapped into the previous swing low liquidity and appears to be forming buy-side liquidity above the current price action. With this structure, we anticipate a potential move toward the Fair Value Gap (FVG) zone marked on the chart. A clean breakout above this FVG, followed by a retest and successful hold of that level, would serve as a strong confirmation of continued bullish intent.
Should this scenario play out, our next upside targets lie in the 3320–3330 range. Traders are advised to monitor price action closely and wait for confirmation signals before making entries. Strategic decision-making is key—avoid emotional trading and prioritize high-probability setups.
Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR) before making any investment decisions.
Gold has recently broken through a significant call option (CE) resistance level, signaling heightened bullish aggression among market participants. This breakout suggests that buyers are currently in control, pushing prices decisively above the CE threshold.
At this point, the market has successfully tapped into the previous swing low liquidity and appears to be forming buy-side liquidity above the current price action. With this structure, we anticipate a potential move toward the Fair Value Gap (FVG) zone marked on the chart. A clean breakout above this FVG, followed by a retest and successful hold of that level, would serve as a strong confirmation of continued bullish intent.
Should this scenario play out, our next upside targets lie in the 3320–3330 range. Traders are advised to monitor price action closely and wait for confirmation signals before making entries. Strategic decision-making is key—avoid emotional trading and prioritize high-probability setups.
Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR) before making any investment decisions.
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.