Hi everyone, a quick market update! 👍
- Gold has formed a short-term Swing Low around 3989 and is attempting to hold above the psychological 4000 level.
- This opens the possibility of a technical pullback, with price potentially retesting higher resistance zones to fill the FVG (Fair Value Gap), while allowing sellers to absorb fresh buy-side liquidity before a potential continuation lower.
🎯 Key retracement zone to watch: 4054–4058.
We'll be monitoring price reactions and looking for confirmation of renewed selling pressure in this area.
- Gold has formed a short-term Swing Low around 3989 and is attempting to hold above the psychological 4000 level.
- This opens the possibility of a technical pullback, with price potentially retesting higher resistance zones to fill the FVG (Fair Value Gap), while allowing sellers to absorb fresh buy-side liquidity before a potential continuation lower.
🎯 Key retracement zone to watch: 4054–4058.
We'll be monitoring price reactions and looking for confirmation of renewed selling pressure in this area.