Bullish Analysis – GOLD 15M
✅ Market Context:
Price showed a Change of Character (ChoCh) confirming bullish intention. Then, it respected a 15M Order Block, generating an impulsive move with a Fair Value Gap (FVG) that was later mitigated.
✅ Structure and Validations:
• A Break of Structure (BOS) confirmed strength after breaking resistance.
• Market entered a distribution phase, where a potential fake out is likely before continuation.
• The support zone remains the invalidation area and serves as risk protection.
✅ Trading Plan:
1. Wait for a possible fake out and rejection in the marked zone.
2. Confirm re-entry in institutional levels.
3. Hold the bullish direction with a new target at 3,880.
🔑 Conclusion:
This analysis reflects patience, institutional reading, and clear risk management. The market is aligned to continue toward new highs. GOOD LUCK TRADERS… ;)
✅ Market Context:
Price showed a Change of Character (ChoCh) confirming bullish intention. Then, it respected a 15M Order Block, generating an impulsive move with a Fair Value Gap (FVG) that was later mitigated.
✅ Structure and Validations:
• A Break of Structure (BOS) confirmed strength after breaking resistance.
• Market entered a distribution phase, where a potential fake out is likely before continuation.
• The support zone remains the invalidation area and serves as risk protection.
✅ Trading Plan:
1. Wait for a possible fake out and rejection in the marked zone.
2. Confirm re-entry in institutional levels.
3. Hold the bullish direction with a new target at 3,880.
🔑 Conclusion:
This analysis reflects patience, institutional reading, and clear risk management. The market is aligned to continue toward new highs. GOOD LUCK TRADERS… ;)
Related publications
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.
Related publications
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.