Gold Urgent Update.Gold Urgent Update
Gold has recently touched its 4-hour bullish Fair Value Gap (FVG) and is now moving upward. Additionally, there is existing liquidity from previous days positioned above the current price level, which further increases the probability of a continued bullish move.
There is a high likelihood that the market could rise towards the price levels of 3250, 3260, and possibly even 3265. These levels should be closely monitored, as they represent potential short-term targets based on the current price action and market structure.
At this stage, it is advised to avoid entering any selling (short) positions unless a clear and confirmed bearish signal is observed. The market sentiment remains decisively bullish, and until any bearish reversal patterns are confirmed, the upward trend should be respected.
Please conduct your own research (DYOR) and practice proper risk management when trading towards the mentioned target levels.
Godzillatrap
Tall Ascending Triangle - "Crocodile Trap" - Ends Start of MarchFeeling like a long range weather forcaster here... Deeply immersed in the cryptosea there is no way I can wrap my head around next week little own expect to range this beautiful Ascending Triangle of over 100% initial height for the next 2 months !!!
The bite that preceded the triangle is the first we´ve documented of her kind.. Galloping past on a horse she is a Pure Heartbeat with awesome Volume distribution Spike..
On close inspection she is a Heartbeat Lightning Bolt Left Hand Axis Cross with Descending Volume Distribution "\", Peak Sell Candle Volume is greater than Peak Buy Candle Volume....
Her Ascending Triangle has max below 0.5 fib and she dropped out of the 0 fib for a bit there making her consolidation more bearish in nature than her cousins..
We´ll sit back and see what she does while ranging her axis of consolidation that appears to be 0.236 and rising with max at just below the 0.5 fib..
The length of this Rat Trap warrants her to be called something more colosal like Crocodile or Godzilla Trap
Best of luck Heartbeaters !!