Can Gold Surpass Its Recent Highs? Expert Analysis Inside!

6 Ağu

Key Levels:
Higher High (HH): Marked near the top at around 2460.

Lower High (LH): Slightly lower high indicating a possible trend change.

Support/Resistance Zones: Key support/resistance levels are identified on the chart.

Lower Time Frame (LTF) Lower High: Indicated by a yellow line, suggesting a lower high on a smaller timeframe within the larger trend.

Liquidity Zones (LQZ): Marked on the 4-hour, 1-hour, and daily timeframes indicating potential areas of liquidity.

Market Structure:
Shorter Time Frame Higher Low: A higher low is indicated on a smaller timeframe, suggesting potential bullish continuation.

Barley Missed HH and then pushed down: Indicates a failure to achieve a higher high, followed by a downward movement.

Support Rejection: The market rejects off support, suggesting a possible formation of a new higher low (HL).

Observations:
The market is reacting to support and resistance levels, showing signs of potential trend continuation or reversal.

The presence of multiple liquidity zones suggests areas where price might seek liquidity, influencing future price movements.