Gold (XAUUSD) experiences an absolute bloodbath! The bearish momentum accelerates as the precious metal sheds -3.99% (over $170), plunging to $4,114.23 following a clean bearish Market Structure Break (M-BoS) below the London lows.
🎯 Future Projections & Trading Scenarios (SMC / Price Action):
• Downside Targets: The immediate bearish magnetic zone is the major psychological support and institutional demand level around $4,100.
• Is it time to buy? Going long here is highly aggressive and risky ("catching a falling knife"). There are absolutely no signs of a bullish reversal or CHoCH yet on lower timeframes.
• The Game Plan: Patience is key. We watch for a potential liquidity sweep and reactive price action near the $4,100 demand zone. A strong bullish rejection or displacement candle there would be our cue for a tactical counter-trend scalping long toward premium FVGs.
What is your take on this unprecedented dump? Will $4,100 hold as the ultimate bottom today, or are we heading lower? Let me know below! 👇
$PAXG #XAUUSD #SMC #GoldMarket #CryptoTrading #PriceAction
