Gold is showing early signs of a technical slowdown after a strong bullish wave that tested the 4200–4300 resistance zone. Price may attempt a mild retest of this area early in the week, but if rejection continues, a deeper correction toward the 4000–3900 demand zone could follow. A clear weekly close above 4300, however, may trigger renewed bullish strength toward the 4400 region.
Key Levels:
Resistance: 4200 – 4300
Support: 4000 – 3900
Next Bullish Target (on break): 4400
Reasoning:
Technically, the market structure shows a possible liquidity sweep near 4300, followed by bearish rejection candles, signaling weakening momentum. The Fibonacci retracement between 4000–3960 aligns with the Fair Value Gap, suggesting potential liquidity attraction before another bullish continuation.
Fundamentally, the upcoming U.S. GDP, Core PCE, and FOMC remarks may drive volatility. Strong U.S. data or hawkish commentary could strengthen the dollar and pressure gold lower, while softer readings might offer temporary support to buyers.
Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own research and manage risk responsibly.
Key Levels:
Resistance: 4200 – 4300
Support: 4000 – 3900
Next Bullish Target (on break): 4400
Reasoning:
Technically, the market structure shows a possible liquidity sweep near 4300, followed by bearish rejection candles, signaling weakening momentum. The Fibonacci retracement between 4000–3960 aligns with the Fair Value Gap, suggesting potential liquidity attraction before another bullish continuation.
Fundamentally, the upcoming U.S. GDP, Core PCE, and FOMC remarks may drive volatility. Strong U.S. data or hawkish commentary could strengthen the dollar and pressure gold lower, while softer readings might offer temporary support to buyers.
Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own research and manage risk responsibly.
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More Market updates : Join my telegram channel
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
t.me/+T-DmNW7QW0k5MTdk
My telegram contact for direct reach to me @swing_trader24
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
