If gold starts to move downward and goes into a retracement, then on the 1-hour timeframe there is a bullish Fair Value Gap (FVG) present. This zone can act as an important area of interest for buyers. Once the price taps into this FVG, you should carefully observe the lower timeframes to look for confirmations such as a Market Structure Shift (MSS) or any other strong bullish signals that indicate a possible reversal.
If, after those confirmations, the market also shows clear displacement in the upward direction, then there is a strong possibility that price may once again rise from this FVG zone and continue moving upward, potentially targeting the higher levels or even aiming for the highest liquidity points available.
However, it is also important to remember that no setup is guaranteed. If this bullish FVG fails to hold and the market breaks down further instead of showing strength, then this particular setup will become invalid and should not be considered for trading. In such a case, it would be better to wait for new confirmations or another reliable setup before making any decisions.
If, after those confirmations, the market also shows clear displacement in the upward direction, then there is a strong possibility that price may once again rise from this FVG zone and continue moving upward, potentially targeting the higher levels or even aiming for the highest liquidity points available.
However, it is also important to remember that no setup is guaranteed. If this bullish FVG fails to hold and the market breaks down further instead of showing strength, then this particular setup will become invalid and should not be considered for trading. In such a case, it would be better to wait for new confirmations or another reliable setup before making any decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.