Gold has recently reclaimed liquidity from its previous two-day!

Gold's Recent Market Behavior and Potential Outlook

Gold has recently reclaimed liquidity from its previous two-day lows, indicating a potential shift in market dynamics. Currently, the price is approaching a weekly bullish Fair Value Gap (FVG), suggesting a possible upward movement. Additionally, the 4-hour chart reveals that a minor bearish FVG has been broken, further supporting the notion of a bullish reversal.
Despite these bullish signals, gold is entering a larger bearish FVG zone. If the market provides confirmation of a sell signal from this level, a downward movement could be anticipated. Conversely, if the price breaks through this bearish FVG, it may continue its upward trajectory.

In summary, while short-term indicators favor a bullish outlook, the larger bearish FVG zone presents a critical juncture. Traders should monitor for confirmation signals to determine the next market direction.
DYOR! Not Financial Advice.