Market background
Gold is approaching a prior supply area after a sustained advance. Recent up bars have widened, but closes have stopped improving.
VSA observations
- Volume expanded as price entered resistance
- The latest up bar closed near its middle rather than its high
- No confirmed upthrust exists until rejection and bearish response appear
Conditional scenarios
Scenario 1
If price rejects the high on strong volume and later demand is absent, distributional weakness becomes more credible.
Scenario 2
If price accepts above resistance on healthy spreads and closes, the apparent effort may represent continuation demand.
Learning note
Name the signal only after its defining close and follow-through exist.