Gap or Trap?

Sumanyu_Aggarwal Updated   
MCX:GOLD1!   Gold Futures
Gap has been created in the chart.
Gap analysis can reveal the phase of the trend, (beginning, middle or end).
Runaway gaps are not filled immediately, showing the trend is in the middle phase.
While exhaustion gaps are filled quickly, signaling the end or slowing down of trend.

Gap will be filled it it retraces back to 67848

Additional it is important to know that:
Exhaustion gaps are not guaranteed to be filled quickly, and some may persist.
Runaway gaps can also fill eventually, but it takes longer compared to exhaustion gap.
Another gap up on the gold chart on April 12.


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