Gold Preparing for Impulsive Move After Range Hold
Market Structure: Strong higher highs & higher lows bullish trend intact.
Price Action: Gold is compressing just below key resistance, indicating breakout pressure.
Liquidity: Equal highs liquidity resting above likely stop-hunt continuation.
Channel: Price respecting the ascending channel, no bearish deviation yet.
Ichimoku: Price holding above the cloud bullish momentum supported.
Bias: Bullish Continuation
Trade Idea:
Buy zone: Break & retest of resistance or shallow pullback inside channel
Invalidation: Clean close below channel support / cloud
Targets:
TP1: 4,557
TP2: 4,587