- 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.
Elon Musk took a step closer this week to greenlighting a deal in which his $2 trillion (market cap) rocketmaker SpaceX would acquire his $1.5 trillion (market cap) electric vehicle maker Tesla. Such a transaction would have immediate financial consequences for Musk. Read more: forbes.com/sites/mattduro… 📸: Brendan Smialowski/AFP via Getty Images
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