Or / Dollar Américain
Long

Gold Price Analysis: Post-Mitigation and Future Movements

62
Current Market Overview:
Mitigation and Price Action:

Gold has successfully mitigated the 2380s through the 2360s, indicating that the market has absorbed the prior liquidity.
Following this mitigation, gold broke out of the bearish ranging channel, signaling a shift in market dynamics.
Bearish Pullback and Momentum:

The breakout led to a pullback, likely setting the stage for renewed bearish momentum.
This pullback is part of a broader strategy to gain positioning for further bearish movement.
Expected Movements and Key Levels:
Breakout and Pullback:

After breaking the bearish ranging channel, gold is in a pullback phase.
This pullback is expected to gather momentum, potentially leading to further declines.
Imbalance to Be Filled:

The next area of focus is the imbalance between $2424 and the 2440s.
The market is likely to move towards these levels to fill this imbalance, which could serve as a temporary resistance zone.

Mitigation and Price Action:

Gold has successfully mitigated the 2380s through the 2360s, indicating that the market has absorbed the prior liquidity.
Following this mitigation, gold broke out of the bearish ranging channel, signaling a shift in market dynamics.
Bearish Pullback and Momentum:

The breakout led to a pullback, likely setting the stage for renewed bearish momentum.
This pullback is part of a broader strategy to gain positioning for further bearish movement.
Expected Movements and Key Levels:
Breakout and Pullback:

After breaking the bearish ranging channel, gold is in a pullback phase.
This pullback is expected to gather momentum, potentially leading to further declines.
Imbalance to Be Filled:

The next area of focus is the imbalance between $2424 and the 2440s.
The market is likely to move towards these levels to fill this imbalance, which could serve as a temporary resistance zone.
Mitigation and Price Action:
Gold has successfully mitigated the 2380s through the 2360s, indicating that the market has absorbed the prior liquidity.
Following this mitigation, gold broke out of the bearish ranging channel, signaling a shift in market dynamics.
Bearish Pullback and Momentum:

The breakout led to a pullback, likely setting the stage for renewed bearish momentum.
This pullback is part of a broader strategy to gain positioning for further bearish movement.
Expected Movements and Key Levels:
Breakout and Pullback:

After breaking the bearish ranging channel, gold is in a pullback phase.
This pullback is expected to gather momentum, potentially leading to further declines.
Imbalance to Be Filled:

The next area of focus is the imbalance between $2424 and the 2440s.
The market is likely to move towards these levels to fill this imbalance, which could serve as a temporary resistance zone.
Note
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