XauUsd :likely to aim for the FVG as immediate targets
Order Block: The price is currently at a 4-hour order block, indicated by the blue dashed lines at around the 2293 level. This is typically a strong area of demand where buyers are likely to step in.
Swing Structure: The overall structure remains bullish as long as the price does not break below the order block. A significant drop below this level could suggest a shift in market sentiment.
Fair Value Gaps (FVG): Two fair value gaps (FVGs) are identified. These gaps represent inefficiencies in the market where the price is likely to return to fill them.
Volume Analysis: Analyzing the volume below the price action shows a significant spike, suggesting strong buying interest at the current level.
Swing Structure: The overall structure remains bullish as long as the price does not break below the order block. A significant drop below this level could suggest a shift in market sentiment.
Fair Value Gaps (FVG): Two fair value gaps (FVGs) are identified. These gaps represent inefficiencies in the market where the price is likely to return to fill them.
Volume Analysis: Analyzing the volume below the price action shows a significant spike, suggesting strong buying interest at the current level.
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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.