Gold is attempting a modest rebound after falling from its recent highs near the $3,360–$3,370 zone. However, the current structure shows that momentum is not strong enough to confirm a sustained uptrend. On the H1 chart, a series of Fair Value Gaps (FVGs) have formed on both sides, suggesting a renewed imbalance in liquidity.
Price is now approaching the red FVG zone near $3,345–$3,350 – a previously rejected area that may act as near-term resistance. If candles fail to close above this region with convincing volume, the risk of a downward reversal toward the green FVG zone around $3,320 remains significant.
Ichimoku also signals indecision: the Kumo cloud is flattening and thinning – a classic sign of trend uncertainty. Price is hovering near the lower boundary of the cloud, without a clean breakout, indicating the market is still in a consolidation phase.
A retest of the $3,350 FVG zone with a clear reversal candle (e.g., a bearish engulfing) could be the first sign that sellers are stepping back in.
Personally, I’ll be watching this zone closely and only act upon confirmed signals – avoiding FOMO trades in uncertain ranges. In a bearish scenario, targets include the $3,320 level and the untested liquidity zone near $3,300.
Just my chart-based opinion – not financial advice. Always validate your own strategy and manage risk responsibly.
Price is now approaching the red FVG zone near $3,345–$3,350 – a previously rejected area that may act as near-term resistance. If candles fail to close above this region with convincing volume, the risk of a downward reversal toward the green FVG zone around $3,320 remains significant.
Ichimoku also signals indecision: the Kumo cloud is flattening and thinning – a classic sign of trend uncertainty. Price is hovering near the lower boundary of the cloud, without a clean breakout, indicating the market is still in a consolidation phase.
A retest of the $3,350 FVG zone with a clear reversal candle (e.g., a bearish engulfing) could be the first sign that sellers are stepping back in.
Personally, I’ll be watching this zone closely and only act upon confirmed signals – avoiding FOMO trades in uncertain ranges. In a bearish scenario, targets include the $3,320 level and the untested liquidity zone near $3,300.
Just my chart-based opinion – not financial advice. Always validate your own strategy and manage risk responsibly.
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Disclaimer
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