From TradingView · · 40s
Gold Price Bullish Signals
Gold price shows bullish confluence on H1 chart with FVG and order block support.
In brief
Gold price shows bullish confluence on H1 chart with FVG and order block support. Gold price near 4,025 with bullish confluence at FVG 4,002-4,009 and order block 3,988-4,009. Originally reported by TradingView.
Gold Price Action
Gold experienced strong bearish move from 4,140 toward 4,000 region before consolidation.
Bullish Change of Character
Price produced bullish Change of Character followed by upward impulse toward 4,060-4,080.
Key FVG Zone
Highlighted Fair Value Gap 4,002-4,009 represents potential reaction area after bullish displacement.
Order Block Confluence
Order block 3,988-4,009 overlaps FVG creating confluence area to monitor for recovery.
Bullish Scenario
If FVG and order block hold, price may target 4,030-4,040 before 4,060-4,065 and 4,080-4,085.
The takeaway
Gold price near 4,025 with bullish confluence at FVG 4,002-4,009 and order block 3,988-4,009.
