Price is now consolidating between a small range trading zone 4,965 -5,045
This is a classic accumulation.
Key Liquidity & Reaction Zones 🔴 Resistance / Liquidity Above If the price manages to break above 5045 it will rise and the first and the strongest zone will be found at 5110. This is a strong liquidity zone that will show also the next price direction.
A break through 5110 should confirm a bigger bullish wave with targets: 5,179 → 5,245 → 5,305 → 5,371 → 5,424 These are areas from where the price can move down again.
🟢 Support Levels Below If the price breaks below 4,965 Immediate intraday support will be found as below: 4,878.500 – Reaction demand 4,794.311 – Structure zone 4,683.597 – Structure zone
You may find more details in the chart. Thank you and good luck!
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#Gold 60 Min Structure Analysis.
📈Current Structure Breakdown
Price is now consolidating between a small range trading zone 4,965 -5,045
This is a classic accumulation.
Key Liquidity & Reaction Zones
🔴 Resistance / Liquidity Above
If the price manages to break above 5045 it will rise and the first and the strongest zone will be found at 5110. This is a strong liquidity zone that will show also the next price direction.
A break through 5110 should confirm a bigger bullish wave with targets:
5,179 → 5,245 → 5,305 → 5,371 → 5,424
These are areas from where the price can move down again.
🟢 Support Levels Below
If the price breaks below 4,965 Immediate intraday support will be found as below:
4,878.500 – Reaction demand
4,794.311 – Structure zone
4,683.597 – Structure zone
You may find more details in the chart.
Thank you and good luck!
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