The upcoming outlook for gold is bullish.
The external structure remains bullish, and the internal structure has now shifted bullish as well after breaking the internal lower high. Price completed a clean retracement into the 78% Fibonacci level and has since begun pushing upward.
Gold is currently bouncing from the FVG and is heading toward the upside Unicorn Zone. Before revisiting the all-time high, price is expected to pull back into the major support area and then continue higher toward the double-top all-time-high region.
The external structure remains bullish, and the internal structure has now shifted bullish as well after breaking the internal lower high. Price completed a clean retracement into the 78% Fibonacci level and has since begun pushing upward.
Gold is currently bouncing from the FVG and is heading toward the upside Unicorn Zone. Before revisiting the all-time high, price is expected to pull back into the major support area and then continue higher toward the double-top all-time-high region.
— Rapid Trade Circle
Market structure first. Narrative second. Execution last.
Market structure first. Narrative second. Execution last.
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.
— Rapid Trade Circle
Market structure first. Narrative second. Execution last.
Market structure first. Narrative second. Execution last.
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.