From TradingView · · 1m 10s
Gold Price Action FVG Retest
Gold price retests fair value gaps before potential bearish continuation.
In brief
Gold price retests fair value gaps before potential bearish continuation. Gold price retests 4,150-4,220 fair value gap with possible bearish continuation to 3,800 and 3,400. Originally reported by TradingView.
Gold Price Action FVG Retest
Gold price retests fair value gaps before potential bearish continuation.
Current Price Near 4,020
Gold trades near 4,020 with equal lows and bearish break of structure.
Major Resistance at 5,451
Price approaches 5,451 as major resistance reference point.
Premium Zone 4,880-5,000
Premium zone near 4,880-5,000 marks previous strong high area.
Bearish Market Structure
Descending trendline shows bearish market structure with lower highs.
Fair Value Gaps
Nearby fair value gap zone at 4,150-4,220 may retest before continuation.
Sell-Side Liquidity at 4,686
Sell-side liquidity reference at 4,686 marks previous low area.
Equilibrium and Discount Zone
Gold trades in discount zone below equilibrium midpoint.
Potential Bearish Retracement
Price may retrace to 4,150-4,220 before bearish continuation.
Downside Scenario
Breakdown below 4,020 could target 3,800 and 3,400 regions.
At a glance
Gold price retests 4,150-4,220 fair value gap with possible bearish continuation to 3,800 and 3,400.
