Gold is currently trading near 5316 after sweeping liquidity at 5388 and forming a short-term Change of Character (ChoCH). The market is now retracing into the 0.5–0.618 Fibonacci zone (5320–5303), aligning with an H1 Fair Value Gap — a critical decision area.
🔎 Structure Overview
• Bullish BOS confirmed above 5260
• Liquidity sweep at 5388
• Corrective pullback into discount zone
• Higher timeframe trend remains bullish
📍 Key Levels
Resistance: 5347 | 5370 | 5388
Support: 5303 | 5260 | 5240
🎯 Scenarios
🟢 Hold above 5303 → recovery toward 5347–5370
🔴 Break below 5260 → deeper correction toward 5240
Current move appears corrective inside a broader bullish structure. Confirmation at support is key.
Follow for daily gold structure updates, liquidity mapping & intraday precision levels.
For Free Signals and market Insights : https://t.co/3XzG4OR5Am
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now