Gold’s FVG Play: Fill It, Hit It, Quit It - XAUUSD

5 Jan

Gold is presenting a bullish setup as price retests and respects a higher timeframe Fair Value Gap (FVG). The retracement into the FVG has been met with signs of displacement higher, breaking through highs and confirming a potential move towards key liquidity zones.

Key Levels to Watch:
-Entry Zone: Around 2,639, aligning with the HTF FVG and short-term liquidity sweep.
-First Target: Buyside liquidity at 2,665 (short-term high).
-Second Target: Buyside liquidity at 2,726 (higher timeframe swing high).

The current price action supports a bullish continuation as we see a strong rejection of the HTF FVG and lower lows transitioning into higher highs. This suggests an imminent push towards buyside liquidity levels.

Conclusion:
-Short-term Outlook: Expect a move to 2,665.
-Medium-term Outlook: Possible continuation to 2,726 if bullish momentum persists.

Remember, price is king, and market dynamics can change rapidly. DYOR before taking any trades.

9 Jan

Dagangan aktif

FIRST BUYSIDE RAIDED