📈 GOLD – Bullish Scenario After Resistance Break
Following a resistance breakout, price action is now targeting unmitigated zones left in the 1H Fair Value Gap (FVG), suggesting potential continuation to the upside.
Key Points:
1. Resistance Break – Price successfully broke above the previous resistance zone, signaling bullish intent.
2. Market Structure – Consecutive Break of Structure (BOS) and Change of Character (ChoCh) confirm the shift in momentum from bearish to bullish.
3. Liquidity Grab – A recent fake out provided liquidity for buyers to push price higher.
4. Bullish Targets:
• First: Mitigate the 1H FVG.
• Second: Reach the distribution zone near the OB-1H resistance.
Conclusion:
If price maintains above the rejection zone, the bullish path remains valid, aiming to close inefficiencies before potentially testing higher resistance levels. GOOD LUCK TRADERS ;)
Following a resistance breakout, price action is now targeting unmitigated zones left in the 1H Fair Value Gap (FVG), suggesting potential continuation to the upside.
Key Points:
1. Resistance Break – Price successfully broke above the previous resistance zone, signaling bullish intent.
2. Market Structure – Consecutive Break of Structure (BOS) and Change of Character (ChoCh) confirm the shift in momentum from bearish to bullish.
3. Liquidity Grab – A recent fake out provided liquidity for buyers to push price higher.
4. Bullish Targets:
• First: Mitigate the 1H FVG.
• Second: Reach the distribution zone near the OB-1H resistance.
Conclusion:
If price maintains above the rejection zone, the bullish path remains valid, aiming to close inefficiencies before potentially testing higher resistance levels. GOOD LUCK TRADERS ;)
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