Gold (XAUUSD) Surges to $3000: A Historic Milestone!
Sellers are beginning to challenge gold’s recent rally as it enters the overbought Liquditiy Level.
All metal has shown strong strength over the past week.
On Wednesday, XAU/USD approached the $2,900 mark, coming within 20 points before sellers took advantage of weakening momentum.
While Thursday’s price action leans bearish, the absence of strong follow-through suggests a technical correction rather than a full reversal. Both short-term and long-term momentum remain positive.
Some investors may also be profiting, anticipating potential resistance near the $3,000 level. As a key psychological milestone, this level is expected to increase volatility.
whenever I refer to the displacement higher, I refer to a Fair Value Gap higher.
Disclaimer:
I am not an attorney, accountant, or financial advisor, nor am I holding myself out to be, and the information contained in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
All metal has shown strong strength over the past week.
On Wednesday, XAU/USD approached the $2,900 mark, coming within 20 points before sellers took advantage of weakening momentum.
While Thursday’s price action leans bearish, the absence of strong follow-through suggests a technical correction rather than a full reversal. Both short-term and long-term momentum remain positive.
Some investors may also be profiting, anticipating potential resistance near the $3,000 level. As a key psychological milestone, this level is expected to increase volatility.
whenever I refer to the displacement higher, I refer to a Fair Value Gap higher.
Disclaimer:
I am not an attorney, accountant, or financial advisor, nor am I holding myself out to be, and the information contained in this video is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
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