Gold smart money analysis defines the most profitable way to make money from gold technical analysis once the manipulation of the market is over. According to the Gold Daily chart the current trading range is on the buyers’ side. In that case, any bullish opportunity in the H4 or H1 timeframe has a higher possibility of providing profits.
Gold Smart Money Analysis- Buyers’ Are In Control
In the gold daily chart, the bullish Quasimodo appeared at 1786.52 bottom and the previous bearish QM is at 1998.45. Therefore, we can consider the current trading range from 1998.45 to 1786.52 zone. The 50% level of this zone is 1892.73 level that defines where the current price is trading.
According to the midline, the current price is at a discounted zone and any bullish opportunity from this zone would provide a higher success rate. the primary target of the bull run should be 50% of the zone or the 1892.73 level.
Gold Invalidation Levels
The current bullish outlook may find the ground from the immediate demand zone at 1820 to 1805 zone where the primary target is the 1892.73 level. Another attempt may appear in the 1800 to 1786.00 zone, which will be the final attempt of bulls from this zone.
If the price breaks below the 1785.00 may make the current zone invalid and investors may find a huge collapse in the price and make new swing lows.
Is Gold A Buy?
Based on the gold smart money analysis, XAUUSD has a higher possibility of moving up in the coming days. Today is 28 Jun 2022 and the current bullish outlook is valid as long as the price trades above the 1876.00 level.
