Gold is compressing below a higher-timeframe supply zone following a strong impulsive rally, while maintaining a clear higher-low structure. The 5,000–5,100 demand zone continues to absorb selling pressure, indicating accumulation rather than distribution.
As long as price holds above demand, upside continuation remains favored, targeting liquidity above 5,400 toward the 5,500 region. A decisive break below demand would invalidate the bullish continuation outlook.
As long as price holds above demand, upside continuation remains favored, targeting liquidity above 5,400 toward the 5,500 region. A decisive break below demand would invalidate the bullish continuation outlook.
Trade active
Gold continues to respect the bullish market structure, sustaining above the 5,100 demand zone while compressing higher within the ascending channel. Momentum remains positive as price approaches the 5,300 liquidity area.
While demand holds, upside continuation toward 5,400+ remains the preferred scenario.
Trade closed: target reached
Gold has achieved the anticipated upside expansion, reaching the 5,400 liquidity area following a decisive breakout from consolidation. The overall structure remains strongly bullish with higher highs and higher lows intact.
While price sustains above the 5,250–5,200 support zone, further upside toward resistance is preferred, with any deeper retracement viewed as corrective within the broader trend.
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✅Free Telegram Channel: t.me/EliteTraderSignals1
✏️Text Me Also on: t.me/EliteTraderSignals1
✏️Text Me Also on: t.me/EliteTraderSignals1
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.
