Current Price: The price is hovering around the $4,106 level, near the bottom of a smaller consolidation box.
Key Bullish Driver: The price is currently reacting to or hovering just above a major Daily Fair Value Gap (D/FVG).
A Fair Value Gap (FVG) is an area of price inefficiency (imbalance) left on the chart during a swift price move. It often acts as a magnet or a support/resistance zone when price returns to "fill" it.
Since the price is currently in the upper half of this Daily FVG, traders expect this area to provide strong support for a potential continuation of the uptrend.
Key Pivot Point (1H BPR): The green box is marked as a 1H Balanced Price Range (BPR).
A BPR is a zone where two opposing Fair Value Gaps (a bullish and a bearish FVG) overlap. This overlap signifies an area where the price has been "rebalanced," making it a high-probability zone for a reversal or strong rejection when tested.
The BPR, just above the current price, would be the first line of resistance if price starts moving up, or a re-entry point for buys if it drops lower and then reverses.
Potential Scenarios:
Bullish Continuation: Price uses the D/FVG as support and breaks above the local resistance (around 4,115) to target the recent highs in the 4,140-4,150 zone. (This is the expected move, indicated by the search results suggesting a bullish outlook toward $4,150).
Deeper Correction: Price fails to hold the upper boundary of the D/FVG and drops lower to test the midpoint or the bottom of the gap before finding institutional demand.
Key Bullish Driver: The price is currently reacting to or hovering just above a major Daily Fair Value Gap (D/FVG).
A Fair Value Gap (FVG) is an area of price inefficiency (imbalance) left on the chart during a swift price move. It often acts as a magnet or a support/resistance zone when price returns to "fill" it.
Since the price is currently in the upper half of this Daily FVG, traders expect this area to provide strong support for a potential continuation of the uptrend.
Key Pivot Point (1H BPR): The green box is marked as a 1H Balanced Price Range (BPR).
A BPR is a zone where two opposing Fair Value Gaps (a bullish and a bearish FVG) overlap. This overlap signifies an area where the price has been "rebalanced," making it a high-probability zone for a reversal or strong rejection when tested.
The BPR, just above the current price, would be the first line of resistance if price starts moving up, or a re-entry point for buys if it drops lower and then reverses.
Potential Scenarios:
Bullish Continuation: Price uses the D/FVG as support and breaks above the local resistance (around 4,115) to target the recent highs in the 4,140-4,150 zone. (This is the expected move, indicated by the search results suggesting a bullish outlook toward $4,150).
Deeper Correction: Price fails to hold the upper boundary of the D/FVG and drops lower to test the midpoint or the bottom of the gap before finding institutional demand.
Transakcja zamknięta: osiągnięto wyznaczony cel
Gold setup executed perfectly — hit full target with a strong move of 270+ pips. Setup played out exactly as planned, confirming analysis and precision entry. ✅💰
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.