Gold Market Analysis (In-depth & Strategic Overview):
Gold has recently broken below its 4-hour bullish Fair Value Gap (FVG) and is currently trading beneath its Consequent Encroachment (CE) level — a signal that short-term bullish momentum has weakened.
In the latest 4H candle, the market swept the liquidity resting below the previous day's lows, a classic move to trap early sellers and collect stop-losses. Right after this liquidity grab, the price touched the daily bullish FVG, found support there, and then managed to close back inside the 4H FVG. This action reflects a temporary defense by buyers — but the battle is far from over.
📌 Key Levels to Watch:
$3401: This is a critical resistance level. If the market successfully closes above $3401, it could signal a bullish continuation, paving the way for an upward move.
$3389: This is a crucial support level. If price breaks below $3389, it would likely lead to further downside movement, opening the door for deeper corrections.
⏳ Current Strategy:
The best move right now is to wait and watch how the market reacts to these key levels. A breakout above $3401 would confirm strength and potential bullish continuation. Conversely, a breakdown below $3389 could trigger a fresh wave of selling pressure.
🚨 Until one of these levels is clearly broken, the market may remain in a state of indecision or range-bound movement.
🔍 Always DYOR – Do Your Own Research!
Stay informed, manage your risk wisely, and avoid emotional decisions.
Gold has recently broken below its 4-hour bullish Fair Value Gap (FVG) and is currently trading beneath its Consequent Encroachment (CE) level — a signal that short-term bullish momentum has weakened.
In the latest 4H candle, the market swept the liquidity resting below the previous day's lows, a classic move to trap early sellers and collect stop-losses. Right after this liquidity grab, the price touched the daily bullish FVG, found support there, and then managed to close back inside the 4H FVG. This action reflects a temporary defense by buyers — but the battle is far from over.
📌 Key Levels to Watch:
$3401: This is a critical resistance level. If the market successfully closes above $3401, it could signal a bullish continuation, paving the way for an upward move.
$3389: This is a crucial support level. If price breaks below $3389, it would likely lead to further downside movement, opening the door for deeper corrections.
⏳ Current Strategy:
The best move right now is to wait and watch how the market reacts to these key levels. A breakout above $3401 would confirm strength and potential bullish continuation. Conversely, a breakdown below $3389 could trigger a fresh wave of selling pressure.
🚨 Until one of these levels is clearly broken, the market may remain in a state of indecision or range-bound movement.
🔍 Always DYOR – Do Your Own Research!
Stay informed, manage your risk wisely, and avoid emotional decisions.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join My Telegram Channel For Getting Free Signals and Analysis 👇👇
t.me/fxinsighthub7
t.me/fxinsighthub7
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.