📈 GOLD – Bullish Scenario After Resistance Break
Following a resistance breakout, price action is now targeting unmitigated zones left in the 1H Fair Value Gap (FVG), suggesting potential continuation to the upside.
Key Points:
1. Resistance Break – Price successfully broke above the previous resistance zone, signaling bullish intent.
2. Market Structure – Consecutive Break of Structure (BOS) and Change of Character (ChoCh) confirm the shift in momentum from bearish to bullish.
3. Liquidity Grab – A recent fake out provided liquidity for buyers to push price higher.
4. Bullish Targets:
• First: Mitigate the 1H FVG.
• Second: Reach the distribution zone near the OB-1H resistance.
Conclusion:
If price maintains above the rejection zone, the bullish path remains valid, aiming to close inefficiencies before potentially testing higher resistance levels. GOOD LUCK TRADERS ;)
Following a resistance breakout, price action is now targeting unmitigated zones left in the 1H Fair Value Gap (FVG), suggesting potential continuation to the upside.
Key Points:
1. Resistance Break – Price successfully broke above the previous resistance zone, signaling bullish intent.
2. Market Structure – Consecutive Break of Structure (BOS) and Change of Character (ChoCh) confirm the shift in momentum from bearish to bullish.
3. Liquidity Grab – A recent fake out provided liquidity for buyers to push price higher.
4. Bullish Targets:
• First: Mitigate the 1H FVG.
• Second: Reach the distribution zone near the OB-1H resistance.
Conclusion:
If price maintains above the rejection zone, the bullish path remains valid, aiming to close inefficiencies before potentially testing higher resistance levels. GOOD LUCK TRADERS ;)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.