Gold swept short-term sell-side liquidity and tapped into a daily FVG, where price is currently consolidating.
The 4H chart shows two potential paths:
Retrace Scenario: Price may rally short-term into the 4H FVG zone for a premium-based entry — ideal area for shorting continuation aligned with the bearish daily and weekly narrative.
Immediate Breakdown: If price rejects at current levels, a continuation toward the 3246 and 3205 daily draw-on-liquidity zones is likely.
The 4H chart shows two potential paths:
Retrace Scenario: Price may rally short-term into the 4H FVG zone for a premium-based entry — ideal area for shorting continuation aligned with the bearish daily and weekly narrative.
Immediate Breakdown: If price rejects at current levels, a continuation toward the 3246 and 3205 daily draw-on-liquidity zones is likely.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.