Gold has been showing interesting price action around key levels, forming a potential double top structure. The market tested the 2,930.19 resistance level, rejecting it sharply and showing signs of exhaustion.
Possible Scenario:
- Point A: Price is currently reacting from a key resistance level where liquidity is stacked.
- Point B: A potential sweep of liquidity around 2,874.04, where price could create a demand zone before reversing.
- Point C: If buyers step in after the liquidity grab at B, we could see a rally back into the resistance zone, targeting a break of 2,930.19.
However, if the structure breaks lower without a strong buyer reaction, further downside could come into play, possibly targeting 2,820 as the next liquidity zone.
Key Considerations:
- Monitoring fundamental catalysts such as economic data and interest rate decisions. With NFP and Fed updates this week, volatility is expected!
- Watching for confirmation of bullish intent after the liquidity grab.
- Tracking volume to gauge potential momentum.
🚀 Do you think gold will hold above 2,874.04, or will bears take over? Drop your thoughts below! 🚀
#Tradingview
XAUUSD
Possible Scenario:
- Point A: Price is currently reacting from a key resistance level where liquidity is stacked.
- Point B: A potential sweep of liquidity around 2,874.04, where price could create a demand zone before reversing.
- Point C: If buyers step in after the liquidity grab at B, we could see a rally back into the resistance zone, targeting a break of 2,930.19.
However, if the structure breaks lower without a strong buyer reaction, further downside could come into play, possibly targeting 2,820 as the next liquidity zone.
Key Considerations:
- Monitoring fundamental catalysts such as economic data and interest rate decisions. With NFP and Fed updates this week, volatility is expected!
- Watching for confirmation of bullish intent after the liquidity grab.
- Tracking volume to gauge potential momentum.
🚀 Do you think gold will hold above 2,874.04, or will bears take over? Drop your thoughts below! 🚀
#Tradingview
XAUUSD 
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。